I have been following pro traders and there are two theories flying around 1) BTC is bullish, thus we are in an uptrend and 2) BTC is bearish and we are still down-trending.
I am leaning towards bearish at the moment. If we look at BTC from the macro scale (others are currently looking at 15min scale), we see that RSI is overbought, EMA is converging with 55 EMA, and OBV shows a decrease in volume. Thus, I am leaning towards bearish!!
Agree or disagree??
I am leaning towards bearish at the moment. If we look at BTC from the macro scale (others are currently looking at 15min scale), we see that RSI is overbought, EMA is converging with 55 EMA, and OBV shows a decrease in volume. Thus, I am leaning towards bearish!!
Agree or disagree??