BitcoinUpdated BTC/USDT - Take a breath, correct to $37.500 and continue !?
We are looking at the allmighty king.
- Pretty strong runup
- RSI overbought
- Hanging man Candle on the 8D (!)
- Support as resistance on $ 37.500
Permabears will shout $ 31.000 and Permabulls will aim for $ 48.000.
Me? Eh, not very sure to be honest. But looking at the chart right now, I would be careful.
I would not enter a BTC position here. Too risky.
Hanging man printed. I hope I am wrong, but I expect a "take breath" moment for BTC.
Hopefully BTC.D will drop harder, giving some room for alts to pump and increase the alt coin dominance.
- Pretty strong runup
- RSI overbought
- Hanging man Candle on the 8D (!)
- Support as resistance on $ 37.500
Permabears will shout $ 31.000 and Permabulls will aim for $ 48.000.
Me? Eh, not very sure to be honest. But looking at the chart right now, I would be careful.
I would not enter a BTC position here. Too risky.
Hanging man printed. I hope I am wrong, but I expect a "take breath" moment for BTC.
Hopefully BTC.D will drop harder, giving some room for alts to pump and increase the alt coin dominance.
Note
Hidden Bearish Divergence - 20H BTC/USDTNote
MACD Bearish Cross 2D - 
BTCUSDT See the red and green circles and what they do... Not looking good to be honest.
Note
Possibly a double top forming..Note
Sadly, I was right. Bounce on 37.5k
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