vipulchauhan763

BITCOIN ANALYSIS : UPTREND DONE OR REVERSAL ?

Long
INDEX:BTCUSD   Bitcoin
DISCLAMIER : THIS IS FOR EDUCATIONAL PURPOSE ONLY, NOT A FINANCIAL INVESTMENT ADVICE, TRADE AT YOUR OWN RISK.

Bitcoin is going strong continuing an uptrend and has hit the weekly zone now with 1D chart's RSI being overbought but it doesn't necessarily means that a true reversal is coming. If we look at this chart then we can see that there has been a BOS and if price makes a corrective pullback with low volumes filling the FVG then you can take you can go long in Bitcoin.
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.