We have two strong divergences, indicators are overheated. It is expected that it will fall from the current price to 0.034, after which there may be a rebound from the support. However, a further fall is also possible, but for the time being it is too early to talk about it.
Note
Update 1:We can see that the expected scenario continues to be realized. Now, if you look at TF 3h, then we can see that even the divergence can lower the price, also we have a double bottom pattern (inverted, pink). Now we are on the verge of breaking through support. We wait.
Note
Update 2:Everything follows expectations, but we have already gone well, and the indicators have stopped overheating. At the moment, bitcoin technical analysis is slightly different depending on whether it is sold in USD or USDT. Bitcoin USD is now close to support, because of which it can bounce and raise the rate higher, because ethereum will follow the growth behind it. It may be worth the time.
Bitcoin/USD:
Trade closed: target reached
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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.