BTCUSDT
Opening long position around this area.
Major trend is down.
First resistance is 37K, also is the monthly open.
Depending on news this week will assess upside targets.
I know everyone is bullish and everyone is Fomo-ing into BTC over the past couple days.
But...
1.We have currently and ascending wedge as main pattern
2. RSI is borderline overbought and has a massive bearish divergence ( higher highs on price, lower lows on rsi)
3. Pi cycle crossed yesterday.
4. Coinbase listing tomorrow on the stock market.
I think we are in...
Markets seem to only move up, even though most of the world is in lockdown...
Earnings weren't bad, but what about when we start thinking Q1 results?
S&P starting to show bearish divergence. Are we looking for a dip within the next month????
Let me know what you think
I had this idea a few weeks back where i saw a run to 8300's happening . Since this became reality today, I'd thought about sharing....just a little idea , on what I see BTC doing in the next few weeks.
DROP from the 8000's to possible break the triple bottom at 6000's.
FINAL RUN DOWN before next bull run starting around September.
My target is somewhere in...
