jpbrown1023

Bitcoin - I'm not sold that the bulls are back yet

COINBASE:BTCUSD   Bitcoin
Looking at the hourly chart for Bitcoin, I'm not sold that this is the bottom. Price action appears to be throwing up a bear flag/rising wedge pattern and since the pump volume has gone down. With overhead resistance on the MACD and RSI indicators, I'm remaining bearish and staying on the sidelines. I think good volume, a break of those resistance levels and a breakout of this wedge to the upside would be a strong signal to buy.
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.