Just a heads up I am relatively new to TA and have just been charting a short while. So DO NOT take this a scripture. However I think that these could be some possible ideas of pullback. The buy zone oval is just if the correction pulls back to hit the 100 Day MA which it didn't do last month. So it's possible it may not get that low. I personally am looking for good entry points to add to my position. I'm not shorting bitcoin. But hoping for a healthy correction so I can buy more at a discount.
MACD still shows overbought on the 1 day. RSI shows possible reversal and we have doji candle at the top w/ a potential evening start candle pattern forming.
Also if there are some other more experienced traders that are willing to offer your input on my chart or let me know what might be wrong I'm very open to ideas.
Thanks!
MACD still shows overbought on the 1 day. RSI shows possible reversal and we have doji candle at the top w/ a potential evening start candle pattern forming.
Also if there are some other more experienced traders that are willing to offer your input on my chart or let me know what might be wrong I'm very open to ideas.
Thanks!