BitcoinShort
Bitcoin | Retest downtrend line
BTCUSDTD Sequential
*Price in the current bull move has exhausted on multiple time frames. Green 9's suggest take profit
RSI
*Bearish divergence on the daily chart
Whats next for BTC?
*Indicators suggest price should go down. First price target would be a retest of the long term down trend line ($4700) which also correlates with the 200 sma ($4500) price range. Volume Profile does not suggest that price with sustain those price levels very long, as most price volume is around the price of ($4000-3500).
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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.