There is negative divergence in the price action of $btc and this move could possibly running out of energy.
A retracement to the 61.8% would be near the top level of the declining channel it has been in for months.
This would be a great buying opportunity.
So in short: major trend is up, short term we could might see a retracement. Retracements can be used for buying in line with the major trend.
A retracement to the 61.8% would be near the top level of the declining channel it has been in for months.
This would be a great buying opportunity.
So in short: major trend is up, short term we could might see a retracement. Retracements can be used for buying in line with the major trend.
