Right now, PA is in a strong position to at least stay where it is.
It has found support on the 382 retrace Fib line, bounced off the 200 EMA, with the 50 EMA just below should that fail AND with a diagonal support line just below.
Also, the StochRSI is oversold and ranging there, waiting. RSI has also cooled off nicely
The ONLY things that can change a slightly Bullish feeling are the simple facts that the Daily NACD is still Bearish and none of us are completely Sure just et, where the DXY Will go next
As a reminder, DXY opens PRE TRADING on a sunday night and this Can effect BTC PA negatively if the DXY is heading up
Be ready to react
It has found support on the 382 retrace Fib line, bounced off the 200 EMA, with the 50 EMA just below should that fail AND with a diagonal support line just below.
Also, the StochRSI is oversold and ranging there, waiting. RSI has also cooled off nicely
The ONLY things that can change a slightly Bullish feeling are the simple facts that the Daily NACD is still Bearish and none of us are completely Sure just et, where the DXY Will go next
As a reminder, DXY opens PRE TRADING on a sunday night and this Can effect BTC PA negatively if the DXY is heading up
Be ready to react
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.