BTCUSD at 3D timeframe we can see clear is OVERBOUGHT
BTC tried to push through ichimoku resistance cloud but failed and now they need to retrace to gain some FUEL. We have a bearcross at stochastic and the buy pressure slowly going down.
Why is my target around 35-36-37xx? Because there is the 200MA weekly support line
In my opinion BTC was bottomed,but we need last shakeout before the run(probably late this year or early 2020)
**BTC can GO to 5400-5600$ and drop from there(fake-out) or drop from this level,will go down!
Note
Stochastic overbought
RSI broked LONG TERM DOWNTREND
we need a last shakeout before the real RUN
Keep in mind: From 200MA to 50MA->200MA once again last shakeout and RUN RUN RUN(late this year or so)
Good luck!
Note
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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.