BTCUSD Trading Plan - 02/Dec/2020

Hello Traders,

Hope you all are doing good!!

BTCUSD is hot topic now a days!!

Hence, I am sharing here my point of view on this crypto.

The pair just now faced the bearish divergence on daily chart.
However, the overall momentum is strongly Bullish, so we can expect a pullback before moving further.
Currently it is clearly doing a correction and i expect it to continue doing complex correction for around a week more due to divergence on daily & overall bullish momentum.

I have drawn a zone in the chart where i expect price to pullback to before moving further.
We will monitor the price action in this zone as it is a very strong support for BTC, failing which it may go further to test the last low at 16500 level.

Please follow me and like if you agree or this idea helps you out in your trading plan.

Disclaimer: This is just an idea. Please do your own analysis before opening a position.