Btc/usdt has been bouncing off 100 ema (yellow line) for a while now. The RSI candles are showing bullish signals.
When btc closes below ema 50 and the ichimoku cloud with a bearish cloud forming on the daily, it's almost always bearish. We will have to watch price action once a close above the monthly pivot, to determine if this is just a bull trap.
When btc closes below ema 50 and the ichimoku cloud with a bearish cloud forming on the daily, it's almost always bearish. We will have to watch price action once a close above the monthly pivot, to determine if this is just a bull trap.
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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.