BTC - another wave of correction? Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jan 14, 2021 12:41 PM

Bitcoin may still expect another wave of correction. Below the price of 30,000, there are likely to be many stop orders and a lot of liquidity. Therefore, long positions are best viewed from lower levels. 27000 and 23000

Comments

cryptospawn

⋅ Jan 14, 2021 1:18 PM

Red (C) means it completes a H&S formation again. And that combines with a bearish divergence in RSI. Things are looking good!