BTCUSDT is rather bearish now:
Considering all this, the general outlook is rather bearish.
But, currently we seem to be about to start an uptrend as shown by the trends indicator in the green (Hull suite indicator).
Volume is also rather low, if we can get some buying pressure, we could start a buildup against the 40K resistance that could potentially get us back into the cloud.
- The last 4 days in the red (4 is also a very bad luck number in asian cultures, as it sounds similar to DEATH
- Below the 180 EMA
- After a very strong downtrend
- Below the Ichimoku Cloud
- With several strong resistances above 40K, 45K, 50K
Considering all this, the general outlook is rather bearish.
But, currently we seem to be about to start an uptrend as shown by the trends indicator in the green (Hull suite indicator).
Volume is also rather low, if we can get some buying pressure, we could start a buildup against the 40K resistance that could potentially get us back into the cloud.