BTC at bottom of Triangle. $7000 is critical area. It should bounce up from here.
But we got strong Hidden Bearish divergence at RSI and MACD. Only Stoch RSI looks oversold.
Volume also reducing towards downside.
Stochastic RSI may form bullish Divergence once bounce back.
If BTC goes down under $7000, it can further down upto $6500-5700 next strong support levels.
If BTC bounce back from here and goes above $8500, we can see its bullish trend again.
But we got strong Hidden Bearish divergence at RSI and MACD. Only Stoch RSI looks oversold.
Volume also reducing towards downside.
Stochastic RSI may form bullish Divergence once bounce back.
If BTC goes down under $7000, it can further down upto $6500-5700 next strong support levels.
If BTC bounce back from here and goes above $8500, we can see its bullish trend again.
Trade active
#BTC Bounced back as given analysis. Recommended Alts to enter from dip right now:
#TRX #BURST #KORE #DGB #STEEM #BCN #NULS #BTS
Detailed Trades already shared on our Telegram Channel and Twitter. Set Next Targets.
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Checkout we just added new update on 
Note
#BTCUpdateBTC only 4Hrs Oversold and may give short bullish upto $7000-7200. Big Timeframes still need to develop and give any confirmations.
2 Major Reasons of last unexpected BTC dump. 1) Korean Exchange hacks. 2) StopLimit triggered for mostly trades which was on $7000 accroding to BTC trend.
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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.