On the BTC chart here you have from the top:
Bollinger Bands indicating a slightly overbought market,
Balance of Power indicating a current strong sell off,
Relative Strength Index indicating a neutral 50 meaning no trend of momentum currently in any direction,
Stochastic chart indicating momentum upwards towards overbought territory.
According to the 3/4 sore for bearish trend, my short term predication is bearish UNLESS SOMETHING MIRACULOUS HAPPENS. Which is not uncommon for BTC. This could be news on BTC being accepted into some major store or a investing firm buying into BTC, anything in that line. However if nothing happens we have a 3/4 indication of a bearish signal with the last 1/4 being neutral.
Hit a like if you found this helpfull.
Regards, EV
Bollinger Bands indicating a slightly overbought market,
Balance of Power indicating a current strong sell off,
Relative Strength Index indicating a neutral 50 meaning no trend of momentum currently in any direction,
Stochastic chart indicating momentum upwards towards overbought territory.
According to the 3/4 sore for bearish trend, my short term predication is bearish UNLESS SOMETHING MIRACULOUS HAPPENS. Which is not uncommon for BTC. This could be news on BTC being accepted into some major store or a investing firm buying into BTC, anything in that line. However if nothing happens we have a 3/4 indication of a bearish signal with the last 1/4 being neutral.
Hit a like if you found this helpfull.
Regards, EV