BITCOIN Will Go Lower! Sell!

6 Haz

Please, check our technical outlook for BITCOIN.

Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 71,059.

The above observations make me that the market will inevitably achieve 68,589 level.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!

7 Haz

Not

Great beginning for a trade, let’s hope it goes further!