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UmarAbdurRehman

BTCUSD Divergence setup - Possible short trade

Short
Bitcoin (BINANCE:BTCUSD)  
UmarAbdurRehman Updated   
BINANCE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD btcusdshort BTCUSDT btcusdidea btcusdforecast btcusdanalysis
14
0
trendanalysis chartpattern indicator btcusd btcusdshort btcusdt btcusdidea btcusdforecast btcusdanalysis
BTCUSD broke out its 14 March high ($61k), making all times new high at around $65k mark. Though overall MACD showing clear signs of divergence as price makes new high.
Market broke out the base of multi-days compressing channel, for now I'm waiting for the market to retest the base of the broken channel for a fresh fall to setup towards $50k mark.

Trade Safe!
Comment:
Trade closed: target reached:
snapshot
Target hit.
Comment:
This market has scope to test $44k mark over the coming few days as well.

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