as btc hit the all time high at 69k, it was noticed momentum was weak thus creating strong bearish divergence, an indication so much profit taking activities, price eventually reversed downtrend. I am using the fibonacci in inverted way to get the downward target at 31k.
so long btc will not break the downtrend line on daily chart, there is a high possibility bear still controlling the btc market.
let wait and see 31k..
so long btc will not break the downtrend line on daily chart, there is a high possibility bear still controlling the btc market.
let wait and see 31k..
Trade closed: target reached
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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.