BTC: short term recovery?
已更新
Read well the title, what we could see now it's a short term bullishness in BTC and, as reflection, in general on the market. When OBV volume shows a clear DIV it's often a good news, however its last peak is at the same level of previous one, meaning that would be a double top, a thing which could be backed from volume not rising.
However being the DJI (down jones index) being on reversal it's possible we'll see a momentary reversal. To be clear I still remain bearish on the long term but after 5 red weekly candles in a row it's highly possible to expect a green one. There are various traders which I think are very good and to whom analysis I always compare mine and on this we're currently on the same page.
40k and 42K are both possible resistance to look in case price rises, especially if volume won't back up it. I'll update this signal in case things will change and I'll become bullish or even more bearish.
Good luck
However being the DJI (down jones index) being on reversal it's possible we'll see a momentary reversal. To be clear I still remain bearish on the long term but after 5 red weekly candles in a row it's highly possible to expect a green one. There are various traders which I think are very good and to whom analysis I always compare mine and on this we're currently on the same page.
40k and 42K are both possible resistance to look in case price rises, especially if volume won't back up it. I'll update this signal in case things will change and I'll become bullish or even more bearish.
Good luck
评论
BTC it's at resistance and seems to be bouncing off it评论
we still have 3 full days (in my timezone) until weekend so never say never but so far it looks like we'll see another red weekly candle... I hope you acted yesteday when I updated this signal
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