Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT _____
Last Trade, I just manage to breakeven to my longs and shorts position on Bitcoin and ALTs. I think, in the weeks to come, Bitcoin is changing trend from uptrend to down trend in the short term. Not yet confirm a bear market.
For this trade, It will last only from 8 Hours to 2 days (Maximum).
Next TA on Bitcoin is on Daily, Weekly and Monthly Timeframe. ______
Technical Analysis
4HR Currently, the price of Bitcoin is below the Moving Averages. Most likely a downtrend. But if you see on RSI, Stoch RSI & MACD - there is a hidden bullish divergence on this downtrend. Most likely, the price to bounce up and go down after. I think EMA 21 (Violet) will act as a strong resistance in this downtrend. s3.tradingview.com/snapshots/q/q8E84hpV.png
Trade Setup Take note that the trend is on downside. Just making long position for a potential price bounced then downtrend after. s3.tradingview.com/snapshots/g/Gjhj2Ins.png ______
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT