Looking at the 1H timeframe for BTCUSD, we can notice bearish divergence building up with the indicators as well as a move below EMA10.
This opens the door for a short-term retrace.
It seems now that Bitcoin knows only how to move up... But nothing goes up in a straight line.
The next target is marked on the chart.
Namaste.
This opens the door for a short-term retrace.
It seems now that Bitcoin knows only how to move up... But nothing goes up in a straight line.
The next target is marked on the chart.
Namaste.
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Related publications
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.