BTCUSD in no man's land
Morning,
Let’s take a look first on daily chart. All swing is pointing into descending direction. Look like price is in very important point of over all movements.
Price is flirting with 50% of the red channel. At this time few candles that making sort of micro price rising movements can’t be use as correction – it’s not strong enough. JPS confirms downtrend.
Daily Chart:
On fours hours chart it is very clear that price having hard time to gain the strength to rise again. I will be caution with long position at this time.
We have clear bias to the down side. Last corrections (inside of the triangle) we can classified as a swing – it’s to small.
We have mark two price targets: long for 7650.00 (very low possibility) and short for 4800.00 (higher possibility).
If the price break thru 50% of the red channel, then price will drop further down.
Currently price is no man’s land.
cheers
Jim
Let’s take a look first on daily chart. All swing is pointing into descending direction. Look like price is in very important point of over all movements.
Price is flirting with 50% of the red channel. At this time few candles that making sort of micro price rising movements can’t be use as correction – it’s not strong enough. JPS confirms downtrend.
Daily Chart:
On fours hours chart it is very clear that price having hard time to gain the strength to rise again. I will be caution with long position at this time.
We have clear bias to the down side. Last corrections (inside of the triangle) we can classified as a swing – it’s to small.
We have mark two price targets: long for 7650.00 (very low possibility) and short for 4800.00 (higher possibility).
If the price break thru 50% of the red channel, then price will drop further down.
Currently price is no man’s land.
cheers
Jim
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน