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A Daily View on the BTCUSD Chart
We are currently in a bearish move (obviously) because we're below the kumo. Chikou span (green line) is also below price and kumo which further confirms the bearish bias. Bitcoin tried to rally on Feb 20 and March 5 but met resistance around the 11.5k level with the Kijun sen (reddish brown) and the Kumo respectively. And from the lines I've drawn (lower highs and higher lows), we're in a symmetrical triangle which I believe is a continuation to the downside.
Judging from all of these, I should short... but the hodl is strong in me. And always remember guys! Only put in what you can afford to lose c:
Judging from all of these, I should short... but the hodl is strong in me. And always remember guys! Only put in what you can afford to lose c:
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