I consider BTC right now to be in a no trade zone as there seems to be equal arguments for price to go up or down, here I will provide 2 perspectives to predict potential price moves if BTC is bullish or bearish
CHART 1: BEARISH
We are currently seeing RSI divergence mean the bulls are weaker, furthermore we are faces a lot of resistance at this 7,600 region, and also a large shooting star candle rejecting the bulls.
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CHART 2: BEARISH
4Hour time frame showing resistance at EMA
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Now for the bullish perspective and evidence
The main indicators for this bullish count are the ascending triangle which usually break upwards and the elliot wave count. Ultimately, having a position at the moment is a real gamble and I would suggest waiting for confirmation before making a position
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