AwesomeAvani

BTCUSD on daily chart falling under resistance SHORT

Kort
AwesomeAvani Uppdaterad   
BITSTAMP:BTCUSD   Bitcoin
BTC in the recent past put in a head and shoulders pattern. The neckline drawn onto the chart

is above current price and rejecting it. Volatility has flipped decidedly. News is that Bitcoin

and crypto ETFs have had several consecutive days of outflows some perhaps when stop gold

spiked. Dollar value has a role in this as well as it dipped and then recovered. I have followed

the crowd and sold my position for now and will look for a near term bottom when it

develops for re-entry. CLSK is down and other crypto-related stocks may now down trend.

Looking at MSTR, RIOT and BTBT.
Kommentera:
BTCUSD buyers moving price to the neckline but cannot break the resistance.
Volume is not the best ( needs heightened volume support); Shorts likely hitting
the price at or under the line and taking positions in the tug-o-war.
Kommentera:
Pattern repeating inside the pattern more bearish bias

Kommentera:
RIOT

Kommentera:
CLSK

Kommentera:
Kommentera:
BTCUSD priee action with bearish bias with overvalued band now lower than
necklines of H & S ( the dotted black line above the price action. Upward price volatility is fading. the tug of war is over for now. Buyers are outnumbered by those entering as a short and those selling to realize profits.

Kommentera:
Handel aktiv:
BTCUSD appears ready to reverse and move higher
Kommentera:
Handel aktiv:
Now trading long
Kommentera:
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.