There is a bearish divergence on the daily & 4 hour RSI. The last time we saw a 4 hour divergence matched with a bounce on the 50 EMA line we saw a continuation downwards. We are also pushing up towards a very strong resistance line. I suspect either a break of the EMA heading towards a bounce around $12.4k or some more time bouncing between the EMA and the resistance line where we will either gather enough power to continue up past $14k, or slip and slide our way to accumulate some more BTC at some lower prices over the coming weeks. Waiting to see what happens today before making another entry or exit plan. Minimize risks, set stops, and enjoy the ride!
Komentarz:
Still bouncing around. Still waiting patiently to see what happens! Hold tight!
Komentarz:
I'm tempted to short here but the election is causing emotional buying across the board. Still sitting patiently.