BTC has had a nice run, but traders may be ready to take some profits. RSI and MACD on the 2-hour charts has had lower highs since December and it has moved through the top of the triangle. If this previous triangle pattern holds true, then BTC will drop again.
This isn't a trade recommendation, but highlighting a potential change. If it drops, it may drop very quickly to recent lows or even lower.
Best of luck.
This isn't a trade recommendation, but highlighting a potential change. If it drops, it may drop very quickly to recent lows or even lower.
Best of luck.
Note
Similar information visible on the 4-hour.
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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.
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.