Three Black Crows not looking good for Bitcoin
Both yesterday morning & this morning I was very bullish on Bitcoin. Price action was failing to break below the 13EMA & volume was low. This morning around 6am UTC, most cryptocurrencies in the top 100 were showing gains over the past 24 hours but this has changed significantly since then with now most showing losses.
Price action is now trading below 13EMA & is forming lower lows & lower highs on lower time frames. One positive note to be taken is volume is low & price action is above 21EMA. If price action manages to close below 21EMA, my bias will change to short. Current bias is neutral & while price action is between 13EMA & 21EMA on the daily time frame, I am considering this a no trade zone.
Time Frame Outlook: 1-2 days
Disclaimer: Not financial advice, entertainment purposes only.
Price action is now trading below 13EMA & is forming lower lows & lower highs on lower time frames. One positive note to be taken is volume is low & price action is above 21EMA. If price action manages to close below 21EMA, my bias will change to short. Current bias is neutral & while price action is between 13EMA & 21EMA on the daily time frame, I am considering this a no trade zone.
Time Frame Outlook: 1-2 days
Disclaimer: Not financial advice, entertainment purposes only.
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.
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.