EinsteinAI

BTC temp sell off, bearish divergences, 4150 resistance

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC has rallied to 4145 and begun to weaken, a sharp drop isn't necessarily imminent but continued upside is severely constrained at this point. Numerous MACD bearish divergences on the 4h, along with the 12h and the 5 min chart, along with that horizontal resistance level of 4150 spell the high likelihood of a local top. Not calling for the end of the world here - merely saying it's time to take your BTC profits for now and look for a lower entry closer to 3900 or below. Altcoins have been underperforming BTC on this most recent rise, look for relative strength in alts in the near term and will update with specific recommendations as they present themselves.
Comment: BTC continues to Roll over on buy sell orders. Imminent drop to 3900 Range. Expect it to come down over next 48 hours. Good time to tether.
Comment: As we stated BTC would fall. Hope everyone tethered. Looks like we are headed to test 3500 Range next. BNB would not be a bad choice here if you decide to stay in the alts, Otherwise I would stay tethered until Drop has completed.
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