*Neutral tends to slightly Bearish 15m bro*



*1. From EMA = This is Most Valid*
Price: 60,251.1
EMA5: 60,269.3 ← Price below EMA5 = Short-term Bearish
EMA10: 60,262.6 ← Price below EMA10 = Still under pressure
EMA30: 60,225.1 ← Price above EMA30 = Support still holding

Meaning: EMA5 < EMA10 > Price > EMA30 = Stuck in the middle.
Not Bullish, because it's not above all EMAs. Not fully Bearish, because EMA30 hasn't been broken.

*2. From Candle Structure*
Earlier it rose high to 60,549 → now it's been dumped down to 60,251.
That's a long upper wick = sign of rejection at the top. Sellers are strong holding at 60,550.

*3. Orderbook B 73% = Don't Use as Reference*
We already discussed this 😂 73% buyers but price still dropped from 60,550 to 60,251.
Meaning, once again, the ones selling first are the big players.

*In Gresik terms:*
Now BTC is crouching on the step at 60,251.
Up 1 step to 60,269 = EMA5, then it can be called Bullish 15m.
Down 1 step to 60,225 = EMA30, if broken = slightly Bearish.
$BTC
BTC-0.62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned