Bitcoin did an amazing uprise since the last low(almost 17%) but as BTC approached higher prices it encountered powerful resistances of the global trendline and the daily 200ma and forming a rising wedge pattern, thus we are expecting a retracment to the lower levels. Trade with caution Pushing like will be the best!
Before the B word conference Bitcoin saw an upward movement but for now we are expecting a downwards movement to 30,000$-29,500$.
Regular Bullish Divergence formed on the daily timeframe indicating a possible trend reversal, However personally I think due to low volume and the strong selling pressure as well as bitcoin, an upwards movement from here is unlikely. Maybe by a huge sell off and a spike in volume we see price going up.
There goes my personal favorite path on BINANCE:DOGEUSDT with a drop to 0.16$ area followed by a trap leading to 0.30$ and at last the main TP. I am not in anyway a financial advisor, please trade with caution.
If the price holds the trend line then perhaps we could see higher prices, But in case of trend line failure, that wouldn't be so pleasant. Yet again, I am not in any way a financial advisor. Please do your own research.
Negative divergence confirmed for now on BINANCE:BTCUSDT
Possible formation of head and shoulders . Simply wait for break of the neck line as confirmation. Let me know what you think in the comments
After the recent up and downs I expect a correction for Doge. according to the fact that doge corrections are approximately 60%, then we have some more room for fall, not to even mention the divergence. The gap needs to be filled and reduction of cash flow is to be expected. All and all said, I'm not a financial advisor, trade with your own risk.