This is how i see prediction for BTC/USDT 1. Price goeing down to our trend line which was working exactly 1 month ago. 2.On the RSI indicator we have loads of room to goeing. 3.Im not sure about divergence (still learning) but i can see classic divergence on MACD. 4.We can see symetrical triangle on the 1H and 4H chart so easiest way how to trade this pattern is to wait which way price would like to go. 5. MACD strong crossing signal. My recomendation is to wait for price to break bottom or top trend line and than jump in to the trade. GL everyone!!
Note
So as we can see we broke bottom trend line as i didnt expect because loads of signals for long but we can still trade this market i would go for short possition as u can see on graph my views are on 41K price lets see whats goeing to happen. GL! uk.tradingview.com/chart/D2uM30dR/
Note
As we can see we fully break top trend line and it should be end of the correction in normal market condition.
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.