BITCOIN: ONE-DAY PICTURE CRYSTAL CLEAR
The one-day is providing a very clear picture of things right now. I am not going to tell you to short or to long - that's for you to decide. I'm also not going to paint weird animal-based patterns on my charts or try to convince you that we are in sub-wave a of wave D of arm 2 of Elliot Wave 5. I am simply going to present the technical analysis-based facts of the current situation as seen very clearly here with basic, meat & potatoes indicators on the one-day chart:
1. We are closing in on the apex of a 3+ month-long consolidation pennant.
2. We are in a mid-term uptrend, long-term downtrend.
3. The volume has been steadily declining through the pennant.
4. The tip of the pennant is a week away.
5. There is now major bearish divergence on both the stochastic and regular RSI.
Cheers and happy trading!
1. We are closing in on the apex of a 3+ month-long consolidation pennant.
2. We are in a mid-term uptrend, long-term downtrend.
3. The volume has been steadily declining through the pennant.
4. The tip of the pennant is a week away.
5. There is now major bearish divergence on both the stochastic and regular RSI.
Cheers and happy trading!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.