BitcoinShort
BTCUSD - pitchfork & RSI and macd divergence
Hello,
The signal is moving in this triangle.
I think it is likely that it will reach the first red circle (9k-ish) considering the RSI and MACD divergence.
The median of the pitch fork behaved like a support on May 10th, it is a possibility that we retest it (second red-circle) at around 8k3-ish.
The worst scenario being this support turning into a resistance but i don't think we're there yet.
The signal is moving in this triangle.
I think it is likely that it will reach the first red circle (9k-ish) considering the RSI and MACD divergence.
The median of the pitch fork behaved like a support on May 10th, it is a possibility that we retest it (second red-circle) at around 8k3-ish.
The worst scenario being this support turning into a resistance but i don't think we're there yet.
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