market corrects after the exaggeration last weekend
IMHO: market corrects after the exaggeration last weekend
BTC continues its sideways movement yesterday as it corrects the sudden dump over the weekend, overall market is still bearish.. EMA slow is thin but still red indicating we are still on a bearish side.. Our RSI-index are on neutral zone but as we've seen it did not went to bullish area.. (bearish trend is still not broken).. Shadow is now on bearish zone.. And about to form hollow shadow line.. Potential continuation... Julivy is below 0 level... Death cross was seen on keybands... . No reversal pattern yet...
Overall we are still bearish of the market.. As of the moment... Probably still sideways movement.. But an explosion will be triggered anytime soon.. (expect a cloud walk)..
Caveat, happy trading!! Always put stops..😊
BTC continues its sideways movement yesterday as it corrects the sudden dump over the weekend, overall market is still bearish.. EMA slow is thin but still red indicating we are still on a bearish side.. Our RSI-index are on neutral zone but as we've seen it did not went to bullish area.. (bearish trend is still not broken).. Shadow is now on bearish zone.. And about to form hollow shadow line.. Potential continuation... Julivy is below 0 level... Death cross was seen on keybands... . No reversal pattern yet...
Overall we are still bearish of the market.. As of the moment... Probably still sideways movement.. But an explosion will be triggered anytime soon.. (expect a cloud walk)..
Caveat, happy trading!! Always put stops..😊
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