I'm surprised of how speculation around Bitcoin can go against any technical analysis that suggest a price retracement (In fact, my last Bitcoin analysis suggested this). At the moment BTCUSD seems to be unstoppoble, and now, it seems to have entered to a new tendency line. RSI reports an overbought signal, nonetheless, volume keeps growing really fast.
My recomendation? I would like to recommend that you should wait for a price retracement over blue tendency line, however, this might never happen. If you are interested in invest in BTCUSD, invest as soon as you can. Stop waiting for a perfect market entry, and wait for profits in the long-term. I also recommend to check other cryptocurrencies, visit my profile to more info.
If you find this analysis helpful, don´t forget to like and comment! :)
My recomendation? I would like to recommend that you should wait for a price retracement over blue tendency line, however, this might never happen. If you are interested in invest in BTCUSD, invest as soon as you can. Stop waiting for a perfect market entry, and wait for profits in the long-term. I also recommend to check other cryptocurrencies, visit my profile to more info.
If you find this analysis helpful, don´t forget to like and comment! :)
Note
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Note
Note
BTCUSD moving to 14.500 before retracementNote
Correction time is comming
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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.