Bitcoin - one more pump before it goes down ?
Updated
Dear traders and followers,
welcome to today's Bitcoin market update!
The Bitcoin price has formed a downtrend channel + inverse head and shoulder pattern. I expect today a break-out.
Buy only after a break and close above the trend channel and following retest of trend channel at 31850-31900 $
The idea is invalid if the price doesn't break trend line within the next 12-24 hours.
RSI indicator on higher time frames (4 hours and more) showing clear and strong bearish divergence. Markt moves up for more than 10 days days but the RSI moves down. A correction is near, nobody can tell you exactly when the correction move will start. Don't wait for it, better trade the incoming opportunities
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welcome to today's Bitcoin market update!
The Bitcoin price has formed a downtrend channel + inverse head and shoulder pattern. I expect today a break-out.
Buy only after a break and close above the trend channel and following retest of trend channel at 31850-31900 $
The idea is invalid if the price doesn't break trend line within the next 12-24 hours.
RSI indicator on higher time frames (4 hours and more) showing clear and strong bearish divergence. Markt moves up for more than 10 days days but the RSI moves down. A correction is near, nobody can tell you exactly when the correction move will start. Don't wait for it, better trade the incoming opportunities
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support!
Trade closed: target reached
close at 35500 $
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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