Short

BTCUSD bull run looking for a correction?

Updated

BTCUSD bull run seems to be due for a correction. The 4H chart shows major divergence on the RSI. Besides, the price has gone too far away from the 50MA (red line) and is at the psychological level of 30000. A correction toward 26000 (50MA) or further up toward 21000 (200MA) on the 4H chart seem likely. Watch out!

Order cancelled

BTCUSD gave a minor correction below 29000 with a long wick at the 50MA on the 4H chart and is continuing its bull run. Short trades cancelled for now.

vipulmehta817

Also on:

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.