So last time the bearish divergence didn't play out, so will this time the divergence give us a pullback? Look at the RSI to spot the div. MACD crossed also.
I think, yes and I wait for the area around the golden ratio. Look at the chart to see where I see a possible bounce after the pullback.
I think, yes and I wait for the area around the golden ratio. Look at the chart to see where I see a possible bounce after the pullback.
Note
first touch of the fib 0.5 level. lets see if the bulls can defend the golden ratio level21.022$ - 21.264$
[IMG]
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still on track, watch these levels. hopefully the first target will hold as support and pushes the price back on track. otherwise I expect a drop in the second target area[IMG]
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we just had one touch on the 0.5 fib level. nice move from bitcoin.
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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.