I think the time has come for the "crash" everyone is expecting.
Signs of clear bearish divergence in the shorter time frames are indicating a reversal. The price is clearly overextended and needs to cool off.
The BTC market is still in a generally bullish phase so I would expect a quick return to hit new ATHs but for now, the bull needs a break.
Initial targets at $8250 range and final target around $5500 range.
As always, do your own analysis to confirm and trade safe.
Signs of clear bearish divergence in the shorter time frames are indicating a reversal. The price is clearly overextended and needs to cool off.
The BTC market is still in a generally bullish phase so I would expect a quick return to hit new ATHs but for now, the bull needs a break.
Initial targets at $8250 range and final target around $5500 range.
As always, do your own analysis to confirm and trade safe.
Trade closed manually
The beast went up a lot more that expected so it went back down to sub 10k. It'll probably still go to 8k before resuming up.
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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.