It is clear IMO why BTC is due for a pullback... BTC has reached the 200ma now acting as a resistance, there will be profit taking now as well, so it is very likely that we will be going for a pull back now... perhaps to bounce in the 50ma which could act as a support? around the 38.2% fib seems the best area IMO.
Other indicators showing an eminent pull back
-Stoch RSI over sold
-Volume going down
-Volume profile is showing low buyers interest area, usually an area of bounce
Other indicators showing an eminent pull back
-Stoch RSI over sold
-Volume going down
-Volume profile is showing low buyers interest area, usually an area of bounce
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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.