BTC THURSDAY 9.26.19: BEAR PENDANT!
Güncellendi
Good morning all and happy Thursday!
I Hope everyone is doing well!
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BTC price has been consolidating symmetrically for the last day after the drop through 9k support. The current structure is inherently bearish, although could possibly break to the upside as well. Considering the 4H and 1D time scales being over sold, I am leaning towards this pendant breaking up to retest the $9,000 level before going down further. With that being said: Do your own research and due diligence before making a trade! I am not a financial advisor!
15 minute chart price is in the middle of this triangle/pendant structure awaiting decision.
1D chart, if a bear pendant is in formation we can expect a $7,000 target.
4H chart. The break should come soon. MACD has worked its way back to the mid line.
Let me know what you think!
I Hope everyone is doing well!
Leave a Like and Comment!
BTC price has been consolidating symmetrically for the last day after the drop through 9k support. The current structure is inherently bearish, although could possibly break to the upside as well. Considering the 4H and 1D time scales being over sold, I am leaning towards this pendant breaking up to retest the $9,000 level before going down further. With that being said: Do your own research and due diligence before making a trade! I am not a financial advisor!
15 minute chart price is in the middle of this triangle/pendant structure awaiting decision.
1D chart, if a bear pendant is in formation we can expect a $7,000 target.
4H chart. The break should come soon. MACD has worked its way back to the mid line.
Let me know what you think!
Not
Is this really a down channel?
Not
we might have just bottomed. Lower volume. Less negative on
MACD. Less intense drop.
Not
This might be a stretch I know, but it is still a possibility! I will go more in depth about this tomorrow.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.