While there is no outright sell signal in-BTCUSD on this daily chart, there are some warning signs for caution.
Since Labor Day-BTCUSD has been sideways.
On this daily chart there is a buy Fractal (green box).
Yet there still is a downward bias in the trading channel, and BTCUSD-has not made a meaningful move above this down channel.
The top indicator (RSI/ Stochastic) is beginning to roll-over (bearish cross).
The 5/34 MACD (middle) is weakening.
The phase energy (lower top) has it first red bar in the recent rally attempt.
CHOP (under chart) is still within the shaded area - indicating no trend.
CHOP ZONE is still green.
All of these signals remain mixed, but the four hour chart is far more negative.
I will publish this next. Don.
Since Labor Day-BTCUSD has been sideways.
On this daily chart there is a buy Fractal (green box).
Yet there still is a downward bias in the trading channel, and BTCUSD-has not made a meaningful move above this down channel.
The top indicator (RSI/ Stochastic) is beginning to roll-over (bearish cross).
The 5/34 MACD (middle) is weakening.
The phase energy (lower top) has it first red bar in the recent rally attempt.
CHOP (under chart) is still within the shaded area - indicating no trend.
CHOP ZONE is still green.
All of these signals remain mixed, but the four hour chart is far more negative.
I will publish this next. Don.