Bitcoin CME Futures (Warning Bearish RSI?)
Bitcoin CME Futures
-Today, BTC made another Higher High looking at the 4h time frame
-But we need to be more cautious now because of the Bearish RSI divergence
-The price is touching the upward trendline resistance
-If Bitcoin unable to break above the trendline resistance
-It is likely to come down and try to fill the CME gap at 11735-11690 range
-Also, the technical pattern is forming a Bearish rising channel
-Which has the higher chances of breaking to the downside
-Please take note also of the large gap at 9925-9675 range
-The good side of BTC moving in a sideways action for the past few days
-The Altcoins are gaining strength to move higher or recover from its losses
-For now, Altcoins looks to be safe for the next 7 days
-Always use proper stop-loss and correct trade size management
-Today, BTC made another Higher High looking at the 4h time frame
-But we need to be more cautious now because of the Bearish RSI divergence
-The price is touching the upward trendline resistance
-If Bitcoin unable to break above the trendline resistance
-It is likely to come down and try to fill the CME gap at 11735-11690 range
-Also, the technical pattern is forming a Bearish rising channel
-Which has the higher chances of breaking to the downside
-Please take note also of the large gap at 9925-9675 range
-The good side of BTC moving in a sideways action for the past few days
-The Altcoins are gaining strength to move higher or recover from its losses
-For now, Altcoins looks to be safe for the next 7 days
-Always use proper stop-loss and correct trade size management
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