BitcoinShort
BTC Looking for a pullback
Bitcoin has been steadily rising for a about 2 months.
We are seeing bearish divergence on the Daily and 4 hour time frames.
Daily:
4 hour:
Seeing that we've been rising for so long, BTC likely needs a breather.
Based on the divergence and fact that we are oversold (Weekly),
I see btc going lower in the coming days / week.
The current trendline and 200 day moving average seem to coincide at 28-31k.
That is likely where i feel we will land.
let me know your thoughts.
We are seeing bearish divergence on the Daily and 4 hour time frames.
Daily:
4 hour:
Seeing that we've been rising for so long, BTC likely needs a breather.
Based on the divergence and fact that we are oversold (Weekly),
I see btc going lower in the coming days / week.
The current trendline and 200 day moving average seem to coincide at 28-31k.
That is likely where i feel we will land.
let me know your thoughts.
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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.
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.