Dear Viewers,
Welcome to my first TA on Tradingview.
Let's get right into it !
As we can see,
BTCUSD
is still in a Bearish mood, we can see that thanks to the RSI still being under 50 and the MACD is about to cross downwards on the daily charts.
I hope you tethered out before this bearish mood started, there is a possibility that
BTCUSD
drops furthermore towards the 8.5k.
On the other hand, we will start seeing a bullish mood if
BTCUSD
breaks the red dotted resistance level it failed to break before, but in order to make that happen, it has to get threw a few resistance levels I marked with a green dotted line. For now my mood is to short, as is other technical analysis, do keep an eye on
BTCUSD
if it breaks through these 3 resistance levels, that shows us that the bullish are trying hard to get past that huge resistance level.
I would not trade anything at this moment, the market is, as always, unpredictable.
The only thing we can do is to try to figure out WHAT COULD HAPPEN.
Thanks for reviewing my first analysis on trading view, don't forget to leave behind any comments on what you think about this easy TA without any ABC waves, triangles and such.
Raw_Blitz out.
Welcome to my first TA on Tradingview.
Let's get right into it !
As we can see,
BTCUSD
is still in a Bearish mood, we can see that thanks to the RSI still being under 50 and the MACD is about to cross downwards on the daily charts. I hope you tethered out before this bearish mood started, there is a possibility that
BTCUSD
drops furthermore towards the 8.5k. On the other hand, we will start seeing a bullish mood if
BTCUSD
breaks the red dotted resistance level it failed to break before, but in order to make that happen, it has to get threw a few resistance levels I marked with a green dotted line. For now my mood is to short, as is other technical analysis, do keep an eye on
BTCUSD
if it breaks through these 3 resistance levels, that shows us that the bullish are trying hard to get past that huge resistance level. I would not trade anything at this moment, the market is, as always, unpredictable.
The only thing we can do is to try to figure out WHAT COULD HAPPEN.
Thanks for reviewing my first analysis on trading view, don't forget to leave behind any comments on what you think about this easy TA without any ABC waves, triangles and such.
Raw_Blitz out.
