Why i dont turn Bullish yet --> Eliott Wave, RSI, Volume
What caused recent price movements?
Corona Virus - as people calm down, price will calm down
Iran war - if they can find some politican solution, price will correct down
Why i dont turend bullish yet?
As you see we have a giant bearish rising wedge. BTC seems to be out in thin air.
RSI is high. the upper resistance in RSI is flat, while price is spiking higher.
At the same time volume is decreasing. Seems like Bears waiting to chash out on a higher level.
- bearish rising wedge, prise spikes went weaker
- rsi is flat and in high areas, stays flat as pricve spiking
- volume decreasing while price spikes
as always DYOR, its just my opinion
Corona Virus - as people calm down, price will calm down
Iran war - if they can find some politican solution, price will correct down
Why i dont turend bullish yet?
As you see we have a giant bearish rising wedge. BTC seems to be out in thin air.
RSI is high. the upper resistance in RSI is flat, while price is spiking higher.
At the same time volume is decreasing. Seems like Bears waiting to chash out on a higher level.
- bearish rising wedge, prise spikes went weaker
- rsi is flat and in high areas, stays flat as pricve spiking
- volume decreasing while price spikes
as always DYOR, its just my opinion
Transaction en cours
Transaction en cours
pretty niceTrade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.