Bearish divergence is in place, traders should be cautious. New Resistance at ATH and upper trend line. Volume is somewhat low for the type spike over the weekend. Holding long position for more clarity.
Note
Divergence still in Play. BTC need to CLOSE above upper trend line in order to advance.
Trade active
RSI no longer relevant. Very strong market. Stay long this pair target 8078 which is the 1.618 extension of September low.
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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.