BTC FINALLY GOING DOWN, DOWNTREND?? (Daily analysis)
Ok, we had finally hit the top of the range, to quickly go testing the down of the range.
Extremely important: On the 4h, we have touched the neutral zone on RSI, and have not made any lower low on prices. For me, it's not bearish YET.
I repeat, Bitcoin, is not bearish yet.
He is weakening. But the neutral zone on the 4h is handling for the moment, as it has always handled during the bull trend.
So here is what I'll do. I'll wait for prices to these two white areas, and check if we have selling signals. If we have some, I'll try a sell, if not I'll keep waiting.
US Stock market started dumping, and you know the correlation they have during the COVID-19 crash. This is also why I would be very cautious if I had Bitcoin at the moment.
May the luck be with you.
Extremely important: On the 4h, we have touched the neutral zone on RSI, and have not made any lower low on prices. For me, it's not bearish YET.
I repeat, Bitcoin, is not bearish yet.
He is weakening. But the neutral zone on the 4h is handling for the moment, as it has always handled during the bull trend.
So here is what I'll do. I'll wait for prices to these two white areas, and check if we have selling signals. If we have some, I'll try a sell, if not I'll keep waiting.
US Stock market started dumping, and you know the correlation they have during the COVID-19 crash. This is also why I would be very cautious if I had Bitcoin at the moment.
May the luck be with you.