The rally for BTC
is not quite done yet since no obvious divergence is detected on either RSI
. In the current wave, we are still on the 4th corrective subwave, a likely 5th wave is going to break the top of subwave 3. If you are already bought BTC
, watch the price action around 18200-18500 level for trend reversal signals, get out the long if selling force is strong. Also if it gives us selling signals there, it would be a good selling opportunity with decent risk&reward ratio since it's likely to revisit the low around 11000 (We are in a big ABC
corrective pattern of the last downside spike from 19700-11000). Trade with care!