peterbokma

BTCUSD-SELL strategy Monthly chart

Short
COINBASE:BTCUSD   Bitcoin
BTC has reached higher levels then we previously had in the run up (and we have seen the severe down as well from those lofty levels). This all based on extreme levels of RSI. If we look at it carefully, we have now a higher high, and a lower high RSI, which means a negative divergence.

The GANN suport for the expected correction is now at $ 46,000 area.

Strategy SELL current $ 69,000-73,000 and take profit @ $ 48,000. SL is up to the individual threshold.

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