Neutral affects on BTC

27 Sep 2020

BTCUSDT

Hello everyone.
As we can see :
- reject from 200 MA
- moving into Ribbon EMA
- bearish stochastic RSI ( on multiple time frame )
- our scalping indicator is being bullish but for now its neutral too
- MACD is being bearish ( on multiple time frame )
- RSI is moving upward on 4H timeframe
- also our indicator is being range again on marked area ( 10880 - 10420 ) on 4 & 12 hours timeframes
- short call from Helical indicator before today is dumping

most of authors said that BTC is being short now ! So we will follow them as well but there is a possible movement from BTC to being range !
we noticed that Helical indicator is being range on 4 & 12 hours timeframes.

also we have a rejection from 200 MA and trending in Ribbon EMAs ( 20-55 EMA ).

So at the end :
- market is neutral and our indicator is being range for next few days.
- most of authors are being bearish so there is opportunity for BTC to retest liquidity pool at 10200$
after all I have to mention that we have our own indicators and this TA is our own vision from BTC !!

Attention : this is not a financial advise we just try to help people on their own vision.


HAVE A GOOD DAY
- Helical_Trades