Bitcoin scenarios 01st of February 2021

Hello friends, I was expecting a more violent move to the upside after the Elon move. The fact that BTC didn't react more tells me we see a very powerfull selling pressure at the 37-38.000$ levels.

Bullish : bitcoin breaks and sustains upper 35.000$ levels for more than a few hours

Bearish : bitcoin falls under 31.000$ levels si touches the 28.000$ levels once again.

RSI daily sits on a very (un)comfortable 50 points area.

Trade carefully friends !

Long term bullish either way !

تعليق:

forgot about it : death cross apeared on the 4H on the 27th ... this usually takes a few days to play out, maybe a week.