reimadara
Short

BTC Possible Further Midterm Correction

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
123 views
6
123 0
Current structure shows similarity to the previous top at 5k:
-Both show bearish divergence in the daily charts .
-Both proceeded to reach further highs from a bullish hammer .

Similar to the previous correction downwards to 5k, a break of the bullish trendline here would give further confirmation that a possible correction to retest the previous all time high (5k) may most likely happen.

Possible further correction to 4400-4700 is probable if more panic sets in due to some possible "bad news."

Overall, I'm bearish on BTC as long as we don't open and close daily above 5830-5900.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out