BitcoinUpdated expecting an important correction
as charts shows we can see a pretty big hidden bearish divergence on weekly rsi. heavy retrace is to be expect.
I'd be cautious, just after 150% up move from 3.2k most people calling for a bottom.. we'll see.
I'd be cautious, just after 150% up move from 3.2k most people calling for a bottom.. we'll see.
Note
some old hidden bearish div on daily
Note
this may be likely a proper set up to retrace.
high volume on left shoulder, and descending volume on the head as this pattern must be.
Note
around 5.7k next target
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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.