BTCUSD 3D vs 1D
All 4 signals on the 3D chart are still bullish, but we are dangerously close to getting a Bearish TK Cross.
The 1D chart has all 4 signals Bearish and hitting resistance.
If we cannot close on the 1D chart above the resistance we are likely to come down and test the 55EMA around 10964 which is also a support level on the 3D chart. If this support is breached we could look at the next support on the 1D being around 9882 (9500 55EMA on 3D) or 10302.
If the support there is breached we will be looking bearish long term. We need a steep rise in price action the next two weeks to keep us from pulling into or below the clouds on the 3D chart.
The 1D chart has all 4 signals Bearish and hitting resistance.
If we cannot close on the 1D chart above the resistance we are likely to come down and test the 55EMA around 10964 which is also a support level on the 3D chart. If this support is breached we could look at the next support on the 1D being around 9882 (9500 55EMA on 3D) or 10302.
If the support there is breached we will be looking bearish long term. We need a steep rise in price action the next two weeks to keep us from pulling into or below the clouds on the 3D chart.
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