VERY ROUGH analysis on 1hr BTCUSD trends. Expecting a pullback near crossing of trendlines in the short-term. This idea is supported by downward trend in RSI and divergence in MACD.
*Note: Could also argue there's a hidden bullish divergence in the RSI (one of a handful of reasons for my emphasis on this being a rough idea. Will follow up with further analysis based on price action.
Let me know your thoughts below!
*Note: Could also argue there's a hidden bullish divergence in the RSI (one of a handful of reasons for my emphasis on this being a rough idea. Will follow up with further analysis based on price action.
Let me know your thoughts below!
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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.