BTC/USD - Update
I'm still waiting for BTC to make a decision on which way to go between these two daily levels.
We are more likely to hit the lower daily level because we have witnessed repeated rejections around the upper daily level and we have bearish CVD divergence. If we see a correction to the downside, we could see a bounce at about 39K.
Following that, we must observe order flow in order to evaluate whether the price is likely to hold or not.
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☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
We are more likely to hit the lower daily level because we have witnessed repeated rejections around the upper daily level and we have bearish CVD divergence. If we see a correction to the downside, we could see a bounce at about 39K.
Following that, we must observe order flow in order to evaluate whether the price is likely to hold or not.
<---------------------------->
☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
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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.