BTC Has a bearish divergence on the daily timeframe, meaning than buying strength has been going down but price had been going up. Most of the time this results in a downwards trend of price so it can catch up to the RSI, besides this btc has also broken the trendline and is currently retesting against the trendline, 50ma and 5ma. We could go down in coming days/weeks
Personally not trading in this period, until a clear bull or bear direction is available again.
Aiming for 38k to enter positions again or a break and close above 50k would invalidate this idea
Personally not trading in this period, until a clear bull or bear direction is available again.
Aiming for 38k to enter positions again or a break and close above 50k would invalidate this idea