Support turning resistance?
On the chart you can see that BTC has arrived to a trendline support. If if doesn't brake it, is would become resistance, which would not be a bad sign.
A negative sign right now is a decreasing number longs. Today they decreased rathen than increased. For a sustained rally we would need the longs to steadiliy increase.
One last thing, you have probably noticed a multiple RSI divergence on the 1H, which suggest we'll soon see a retracement. After the retracement, BTC should brake the abovementioned trendline or else... Let's see what happens. Safe trades!
A negative sign right now is a decreasing number longs. Today they decreased rathen than increased. For a sustained rally we would need the longs to steadiliy increase.
One last thing, you have probably noticed a multiple RSI divergence on the 1H, which suggest we'll soon see a retracement. After the retracement, BTC should brake the abovementioned trendline or else... Let's see what happens. Safe trades!
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.