BTC ready for a pullback
Updated
BTC has traded strong throughout April. I expect that to continue in the longer-term.
For the moment watch for BTC to break lower following bearish divergence forming on the Daily and H4 charts as shown by the red arrows.
Price broke the longer term channel and is now threatening to test the short channel.
For the moment watch for BTC to break lower following bearish divergence forming on the Daily and H4 charts as shown by the red arrows.
Price broke the longer term channel and is now threatening to test the short channel.
Note
Price broke the smaller channel and moved lower to support as we expected. Now watch BTC to rebound up as shown before retesting the support level.
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