XBTUSD - Bearish Divergence

Price momentum is on decline, high high on price but lower high on RSI, early signal for reversal. Volume has been strong, exhaustion might be the case as we face old strong resistance levels. Also looks like we completed 3 wave patterns up, support is in green zone and ichimoku cloud.

Trade active

Smaller TF also show sign of exhaustion, could turn into a big major ABC after this major downtrend.

Looking to buy at 3600-3720

Note

Update

Trade active

Almost at C target

Note

If BTC make a new high we could see this target area.

Trade closed: target reached

Both target reached! Trade closed

TheTrex

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