Get ready for a BTC retrace
BTC has gotten close to the tip of the ascending angle. Furthermore, there is a bearish divergence on the 4H. Both of these suggest that we can expect a retrace. I'm looking at the Fib 0.618, which is around $7700. However, if you want to buy more BTC after the retrace, wait for a reversal sign before buying.
(This is not a financial advise. Trade based on your own research and finding.)
(This is not a financial advise. Trade based on your own research and finding.)
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.