KryptonuQ
Short

BEARS ARE KNOCKING THE DOOR

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hi guys!

Let's get straight to the point.

Daily chart: Facts: Bearish Divergence on the daily RSI , Decreasing Volume , Forming Rising Wedge = We really are on the edge right now. A correction could happen anytime soon.

Weekly chart: Facts: Parabolic rising without any major correction, Stochastic RSI is at around it's maximum value since the beginning of March, Hammer candle = CORRECTION.



NOTE: I do see the forming bullish flag on the daily chart , and I also see that we tested a previous resistance as a new support. It could indicate that we might see a FAKE OUT upwards, than an immediate pullback.



TARGETS:

FAKEOUT: 9k
CORRECTION: 6.4k VPVR RESISTANCE (as you can see it is between two key fibbonaci levels too)



***It is not a financial advice, it is only my opinion***

If you have any question, leave a comment! If you liked the analysis please leave a like, thanks!
Comment: Looks like my FAKEOUT 9k target is playing out.
I have heard this for the last 2 months now, I guess eventually you guys will be right.
Reply
KryptonuQ AvgJoe2019
@AvgJoe2019, I just wanna let you know that I am still bullish longterm, but a healthy correction is ineviatable in the short term!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out