Bear Trap? XBTUSD 1H Timeframe
Updated
Prices for XBTUSD dropped and moved below EMA100 but found support at the 0.786 Fib. level, now we see prices moving back up.
Is this a bear trade?
We also a bullish divergence with the MACD and RSI.
As long as prices stay above $6635.5, XBTUSD can still go up (bounce).
If prices move and close below $6635.5, Bitcoin is likely to continue lower... Let's see how it goes.
Namaste.
Is this a bear trade?
We also a bullish divergence with the MACD and RSI.
As long as prices stay above $6635.5, XBTUSD can still go up (bounce).
If prices move and close below $6635.5, Bitcoin is likely to continue lower... Let's see how it goes.
Namaste.
Note
Going good so far.
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