jevanss25

BTCUSD - Lets be careful

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC actually looks like it is getting weaker so we may see a correction.

MACD Divergence
RSI Divergence

I don't think this is enough by any stretch to go short BTC , however I've invested aggressively in Crypto during this bull run, but I am not currently at full position size for crypto yet, so rather than adding more, I'm happy to stick with what I have invested already and potentially take some profits if we see a 4hr close below $47,000.
Now is not the time to buy more.

Comment: As if on cue, BTC has dropped from $47,490 at the time the idea was posted down to $46,270 (with a low set t $46,150)
Looking for a bounce between $46,000 - $46,250 OR if that level is broken then a bounce at $45,575
Comment: 4hr close above $46,770 will add more