Bitcoin / TetherUSShort
BTCUSDT MOVEMENT
Hi, I hope you have a great day
I've sketched a normal price channel for BTC with roughly 5-month validation; as you can see, The price is at the peak of the channel, on the other hand, we have an obvious divergence in the 4H timeframe in Macd and RSI, in addition, the price has reached to a robust supply zone (blue one), so all of these signs tell us to be careful and if you want to take a long position in the market, it can be better to be a little bit patient.
I've sketched a normal price channel for BTC with roughly 5-month validation; as you can see, The price is at the peak of the channel, on the other hand, we have an obvious divergence in the 4H timeframe in Macd and RSI, in addition, the price has reached to a robust supply zone (blue one), so all of these signs tell us to be careful and if you want to take a long position in the market, it can be better to be a little bit patient.
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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.