BTC to retrace one last time before 2020 Halving

BTCUSD


Hi all !!!

I think we are on the last run for BTC to drop before the next halving. Base on what I see, we may retrace to a range of .5 (see green box). The darker the green is, better it will be for a bull trend after halving. In other words, more we retrace, more this will give gaz to BTC for a string bull trend.

Also, volume range confirm the potential next bottom level. Having both fib level and volume level confirming a similar zone is good sign,

Also, we are seeing a divergence with RSI and MACD histogram which tells me price will go south soon...and this correspond to the path of the last dip before halving.

My buy level is set for the green box range and will load with BTC in that area.

That will be our last chance before halving...get set !!

give a thumbs up if you like my comment,
Be safe all

Comment:

Well, if that inverted shooting start remains in 1 hr...that will means bears are back. Also, RSI is pointing down compare to price action. Therefore, we have a divergence....Therefore, I beleive this 10k push was a fake...Whales will need lower price to buy back Bitcoin !!!