Hello all.
Looking at BTC on the 30 minute chart, 200EMA (orange line) has been extremely resistant and although I was looking for BTC to go a little higher in the very short term, we can see that volume has been declining significantly, Everybodies favorite coin is in a descending triangle with reduced volume. RSI is in decline as well. MACD in bearish divergence. I am not predicting targets but think we will be continuing down shortly. Maybe we will stay inside the channel (Green bottom and Red top) and we can swing trade are way to the bank... Lets see what happens.
Good luck and if you like my ideas/charts/commentary, please encourage by LIKING & FOLLOWING me.
Looking at BTC on the 30 minute chart, 200EMA (orange line) has been extremely resistant and although I was looking for BTC to go a little higher in the very short term, we can see that volume has been declining significantly, Everybodies favorite coin is in a descending triangle with reduced volume. RSI is in decline as well. MACD in bearish divergence. I am not predicting targets but think we will be continuing down shortly. Maybe we will stay inside the channel (Green bottom and Red top) and we can swing trade are way to the bank... Lets see what happens.
Good luck and if you like my ideas/charts/commentary, please encourage by LIKING & FOLLOWING me.
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