infbp22

BTC: Recent and decent rally, but not convincing yet

BITMEX:XBTUSD.P   Bitcoin
Early I had posted my interest in our bounce from the golden pocket. It retraced from the bearish divergence as I expected, and has seemed to have broken out of the prior decending wedge. However! Just ahead lies the heavy resistance in the 9100-9250 range. The confluence is what is concerning. It lands right on the .382 dead count bounce FIB, as well as the top of what appears to be a decending channel now. Breaking through that resistance and this channel and establishing a HIGHER HIGH as I had mentioned before is our next goal. Before that happens, we are still in a downtrend. I'm nuetral/leaning bearish right now.
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.