Hi friends
Bitcoin is looking good lately, we've seen some good rallies. I'm thinking bitcoin will continue to rally till we hit the next trend resistance somewhere around 9600- 9800.
Price will likely reverse at that level as we see a bearish divergence forming on the RSI. This indication is also supported by a divergence of volume on the price action. The volume consistently decreases as the price makes a new higher high. If we do make a U turn at that point, I'm expecting BTC to drop down to 7600 level.
That's it friends, I looking forward for your comments on this .
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks and Happy Father's Day!
-Poop
Bitcoin is looking good lately, we've seen some good rallies. I'm thinking bitcoin will continue to rally till we hit the next trend resistance somewhere around 9600- 9800.
Price will likely reverse at that level as we see a bearish divergence forming on the RSI. This indication is also supported by a divergence of volume on the price action. The volume consistently decreases as the price makes a new higher high. If we do make a U turn at that point, I'm expecting BTC to drop down to 7600 level.
That's it friends, I looking forward for your comments on this .
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks and Happy Father's Day!
-Poop
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