BTC: Bear Flag, 200EMA and RSI says DOWN!
Been a while since the last update, I've been quite busy although I kept reading stuff here and there.
BTC is developing a bear flag BELOW the 200 days EMA. This mainly means we are going down!
Stochastic RSI shows a fast invesrion from the overbought area down to zero.
Personally I would set a target price around 7200, close to the strong trailing support level highlighted in "pink".
As a side note we always need to take into consideration that this market is highly manipulated and almost anything can happen. I'm waiting for a breakout towards the bottom of the bear flag as a trend confirmation.
***As usual, this is not a trading advice.. It is merely my idea for educational and informational purposes only***
BTC is developing a bear flag BELOW the 200 days EMA. This mainly means we are going down!
Stochastic RSI shows a fast invesrion from the overbought area down to zero.
Personally I would set a target price around 7200, close to the strong trailing support level highlighted in "pink".
As a side note we always need to take into consideration that this market is highly manipulated and almost anything can happen. I'm waiting for a breakout towards the bottom of the bear flag as a trend confirmation.
***As usual, this is not a trading advice.. It is merely my idea for educational and informational purposes only***
ملاحظة
And down we go!
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.