Bitcoin 4 hour PA getting into a squeeze and a move should be expected by Thursday this week.
There are some conflicting messages coming out.
Top indicator hwre is Bullish Bearish sentiment and we can see the Bullish is running Low and we could head into a Bearish zone in the shorter term and possibly for longer towards the end of the month.
Next indicator is Volume Delta, and again, we see this dropping. This can lead to PA ranging horizontal at best
Next is the 4 hour MACD which is ranging horizontal..Short term, thats OK but the daily MACD ( not shown ) is high and turning Bearish maybe....one to watch but this could certainly lead to an implied drop
Next is RSI, which again, is ranging horizontal but Daily is high.
Tomorrow FED Chair, Mr Powell talks and Market are likely waiting and the potential for a drop is ecident.
Be cautious though the "Crash" that some will talk of will likely not be very Big.
Bitcoinn has crossed a HUGE hurdle and broken through a LONG term resiatnce.....
We are in a Good place right now....Just need to remain there
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.