Prices really struggle going upward (Daily Analysis)
As you can see on the daily chart (Unfortunately I can't share every timeframe in one analysis), but on the daily chart, we've made kind of an evening star, which is not bullish at all.
It shows me that prices struggle going upward and we may see a downward movement. We had a fake break yesterday, and the volume is completely dead.
Tomorrow, the US stock market will be unpredictable, I don't see bearish signals on SPX500 at the moment, so I couldn't tell where he'll open, but if he opens going down, Bitcoin will probably fall as well.
This is probably why we are ranging at the moment because the market wait for the US stock market to make a move.
The Daily Chart is more bearish than bullish.
The 4h chart is bullish with an RSI bounce on the neutral zone, and a stochastic bounce close to its previous low.
The 1h chart is bearish with a stochastic close to its previous high and RSI under the neutral zone.
15min is ranging.
So I'll try to have good entry selling point if we have selling signal under the $9,500 15min resistance of the range
It shows me that prices struggle going upward and we may see a downward movement. We had a fake break yesterday, and the volume is completely dead.
Tomorrow, the US stock market will be unpredictable, I don't see bearish signals on SPX500 at the moment, so I couldn't tell where he'll open, but if he opens going down, Bitcoin will probably fall as well.
This is probably why we are ranging at the moment because the market wait for the US stock market to make a move.
The Daily Chart is more bearish than bullish.
The 4h chart is bullish with an RSI bounce on the neutral zone, and a stochastic bounce close to its previous low.
The 1h chart is bearish with a stochastic close to its previous high and RSI under the neutral zone.
15min is ranging.
So I'll try to have good entry selling point if we have selling signal under the $9,500 15min resistance of the range
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