BTCUSD on daily chart falling under resistance SHORT
מעודכן
BTC in the recent past put in a head and shoulders pattern. The neckline drawn onto the chart
is above current price and rejecting it. Volatility has flipped decidedly. News is that Bitcoin
and crypto ETFs have had several consecutive days of outflows some perhaps when stop gold
spiked. Dollar value has a role in this as well as it dipped and then recovered. I have followed
the crowd and sold my position for now and will look for a near term bottom when it
develops for re-entry. CLSK is down and other crypto-related stocks may now down trend.
Looking at MSTR, RIOT and BTBT.
is above current price and rejecting it. Volatility has flipped decidedly. News is that Bitcoin
and crypto ETFs have had several consecutive days of outflows some perhaps when stop gold
spiked. Dollar value has a role in this as well as it dipped and then recovered. I have followed
the crowd and sold my position for now and will look for a near term bottom when it
develops for re-entry. CLSK is down and other crypto-related stocks may now down trend.
Looking at MSTR, RIOT and BTBT.
הערה
BTCUSD buyers moving price to the neckline but cannot break the resistance.Volume is not the best ( needs heightened volume support); Shorts likely hitting
the price at or under the line and taking positions in the tug-o-war.
הערה
Pattern repeating inside the pattern more bearish bias הערה
RIOT
הערה
CLSK
הערה
BTCUSD priee action with bearish bias with overvalued band now lower thannecklines of H & S ( the dotted black line above the price action. Upward price volatility is fading. the tug of war is over for now. Buyers are outnumbered by those entering as a short and those selling to realize profits.
הערה
עסקה פעילה
BTCUSD appears ready to reverse and move higher הערה
עסקה פעילה
Now trading long הערה
כתב ויתור
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