Get started
eyupium

BTC Correction Beginning

Short
Bitcoin / Euro (COINBASE:BTCEUR)  
eyupium Updated   
COINBASE:BTCEUR   Bitcoin / Euro
Trend Analysis Chart Patterns Technical Indicators BTCEUR signals correction down short shortsetup pullback
7
4
trendanalysis chartpattern indicator btceur signals correction down short shortsetup pullback
There is a strong bearish divergence in volume and RSI for a few days now while BTC kept pushing new highs.

Expecting a move down towards the 0.382 Fib line at 6247 EUR.

If you locked in the profits when I suggested in my previous BTC analysis, you'll have some nice buying opportinities at lower price levels soon enough.
Comment:
Price did fall down to 6800 EUR level, but the market (although not very rationally) wants to go further up. This is confirmed after breaking the 7200 EUR major resistance.

Targeting 7500 EUR.

Related Ideas

eyupium
BTC correction before S2X fork
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.