BTCUSD | Is 60k where the bulls get trapped? | Warning Signs
Updated
BTCUSD looks like it wants to test this prior high, will it hold? Will it get smashed?
Just gotta wait on price.
We are losing volume which means people aren't submitting requests to bid as much, this simply means lack of demand.
If we get a new high but maintain this divergence and we don't have volume, it could make for a drop.
I'll be adding this to the watchlist for now.
Just gotta wait on price.
We are losing volume which means people aren't submitting requests to bid as much, this simply means lack of demand.
If we get a new high but maintain this divergence and we don't have volume, it could make for a drop.
I'll be adding this to the watchlist for now.
Note
If today's WEEKLY candle closes above $59,000 then BTC is most likely poised for a run to $70,000..the candle closes in 8 hours. Watch my new weekly outlook video (1 of 2) and skip to the bitcoin part, I break it down a little deeper.
🟢 Did you enjoy this quick read? ⬇
Give me a follow. I post trading psychology tips 3x a week to help you stay sharp as a trader.
The best thing you can invest in isn't the markets. It's yourself.
Give me a follow. I post trading psychology tips 3x a week to help you stay sharp as a trader.
The best thing you can invest in isn't the markets. It's yourself.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.