Bitcoin / TetherUSShort
RSI Divergence, Week Support of Buyers, Fall of BTC is possible
in Daily and Weekly chart of BTC/USDT we can see strong Divergence (in both Volume and RSI)
the price also can't reach previous ATH yet and show a week support of buyers,
if price can reach previse ATH and rise of RSI we can expect another rise of BTC, BUT I doubt it can for now,
I think BTC needs a bigger retracement,
so I think if BTC can't go higher it will retrace until [28000-30000] area (0.618 FIBO, SMMA 200, Support Line)
see what will happened next days...
what is your opinion?
the price also can't reach previous ATH yet and show a week support of buyers,
if price can reach previse ATH and rise of RSI we can expect another rise of BTC, BUT I doubt it can for now,
I think BTC needs a bigger retracement,
so I think if BTC can't go higher it will retrace until [28000-30000] area (0.618 FIBO, SMMA 200, Support Line)
see what will happened next days...
what is your opinion?
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.