What do we have on BTC unbiased...
Price: couldn't break through 7800
RSI: on lower TF support a bearish bias shortterm, higher TF are interesting.
We could make a bullish divergence on 12h and daily compared to the price on the 4th of June. Where we only have to drop to 7450 region. What could make sense.
And another bulldiv compared to the 1th of June at 7340$. Both could complete a trendreversal and give a price spike up.
Last stop is around 7180-7100$ where we reversed last times as shows on the chart.
If non of the above ( or sudden in between bullish rally occures) can hold we're likely to see a lot of pain. We could make a lower low for the first time since 6K bottom. That would be really bad.
Let's see what the market brings us. To me it seems like the market wants to move up but is beiing suppressed...
Keep in mind this is based on my idea and not financial advisory!
Let me knwo what you guys think of it!
Price: couldn't break through 7800
RSI: on lower TF support a bearish bias shortterm, higher TF are interesting.
We could make a bullish divergence on 12h and daily compared to the price on the 4th of June. Where we only have to drop to 7450 region. What could make sense.
And another bulldiv compared to the 1th of June at 7340$. Both could complete a trendreversal and give a price spike up.
Last stop is around 7180-7100$ where we reversed last times as shows on the chart.
If non of the above ( or sudden in between bullish rally occures) can hold we're likely to see a lot of pain. We could make a lower low for the first time since 6K bottom. That would be really bad.
Let's see what the market brings us. To me it seems like the market wants to move up but is beiing suppressed...
Keep in mind this is based on my idea and not financial advisory!
Let me knwo what you guys think of it!