OUTLOOK: Bearish
>Price will move again sideways for another squeeze.
>But still bearish since we are still in the bearish territory even in other time frames.
>Heavy rejection around EMA 18 & $6000, now $6000 is acting as a resistance after it was broken.
>Support around $5700-$5800 with the bottom trend line but looks like it way not hold as the price get squeeze again.
>RSI, MACD $ STOCH RSI looks so weak at the moment even while trying to make an upward reset.
>My bottom is around $5200 - $5400, but other technicians suggests it may go much lower (around $4800).
>BTC price is currently at the break-even point for miners. Stay safe.
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
>Price will move again sideways for another squeeze.
>But still bearish since we are still in the bearish territory even in other time frames.
>Heavy rejection around EMA 18 & $6000, now $6000 is acting as a resistance after it was broken.
>Support around $5700-$5800 with the bottom trend line but looks like it way not hold as the price get squeeze again.
>RSI, MACD $ STOCH RSI looks so weak at the moment even while trying to make an upward reset.
>My bottom is around $5200 - $5400, but other technicians suggests it may go much lower (around $4800).
>BTC price is currently at the break-even point for miners. Stay safe.
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
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.