BTC - Healthy Daily Bull Retracement.
Congrats to the bulls grinding out a nice Bull divergence on the weekly chart which is now allowing me look for some reasonable entries long term.
Daily charts are still overheated and bearish. A retracement to make a new daily low of 7500 would not be outlandish and could be healthy moving forward. Breaking the 7500 mark would be display market weakness and updates will insue.
Volume levels since feb have not reached their prior levels of excitement. A retracement should see a nice second impulse with some higher volume and media hype to follow.
For now keep an eye on the still active bull trend currently for BTCUSDSHORTS and the potential daily double bottom and bull divergence displayed on daily and 4hr views.
~If your emotional your over leveraged~
GL and happy trading.
TradingBreakouts
Daily charts are still overheated and bearish. A retracement to make a new daily low of 7500 would not be outlandish and could be healthy moving forward. Breaking the 7500 mark would be display market weakness and updates will insue.
Volume levels since feb have not reached their prior levels of excitement. A retracement should see a nice second impulse with some higher volume and media hype to follow.
For now keep an eye on the still active bull trend currently for BTCUSDSHORTS and the potential daily double bottom and bull divergence displayed on daily and 4hr views.
~If your emotional your over leveraged~
GL and happy trading.
TradingBreakouts
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.