Equilibrium of the forces in the Bitcoin market
After a strong bearish imbalance in the market, the forces came to a point, where both of them agree with the price.
On the 4h chart we can see a trading range, which is confirmed by a low volume.
The RSI managed to go back above 30.
The price is far below the 30 EMA, so the market is still in a bearish mood.
The price will probably remain for a while in this range and then a next breakout will follow.
There is a small possibility of a little reversal upward, but under current circumstances i am assuming another drop down.
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On the 4h chart we can see a trading range, which is confirmed by a low volume.
The RSI managed to go back above 30.
The price is far below the 30 EMA, so the market is still in a bearish mood.
The price will probably remain for a while in this range and then a next breakout will follow.
There is a small possibility of a little reversal upward, but under current circumstances i am assuming another drop down.
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me/NextLevelCrypto
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.
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.