btcusd may retract in coming days . CHECK BELOW
*1st lag- hike from $1000 to $3000 mark followed by 50% retracement as shown in chart.
retraced level $1900
*2nd lag- from $1900 to $4900 which was again followed by 50% retracement.
retraced level $3100
*current lag from $4900 to $6590 [fresh high] but their is a negative convergence(see chart) which i believe can be the start of the corrective phase in coming days.
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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.