BTCUSD 1D
Purely bullish trend, the candle at the close of today, is important, it could determine a resistance, which could cause the price of bitcoin, to make a correction to the marked level of 42000-43000.
The price in the case of making a correction, could go down to my marked level, which would be the neckline of the double top pattern.
I would like to see, some pattern of the daily candle that confirms that the price is going to go down, such as an engulfing candle, a hammer or an inverted hammer. (hammer and inverted hammer would be given tomorrow)
I do not recommend operating the sale, since the price of bitcoin is very volatile, and anything could affect the price to skyrocket.
In the event that the price reaches my buying levels, it could be a good buy.
RSI: RSI marks divergences since January 2021
Stochastic: It is at an overbought level, so it could be a good sign, although it is not to be trusted, as it often stays in the later range for a while, while the price rises higher.
Purely bullish trend, the candle at the close of today, is important, it could determine a resistance, which could cause the price of bitcoin, to make a correction to the marked level of 42000-43000.
The price in the case of making a correction, could go down to my marked level, which would be the neckline of the double top pattern.
I would like to see, some pattern of the daily candle that confirms that the price is going to go down, such as an engulfing candle, a hammer or an inverted hammer. (hammer and inverted hammer would be given tomorrow)
I do not recommend operating the sale, since the price of bitcoin is very volatile, and anything could affect the price to skyrocket.
In the event that the price reaches my buying levels, it could be a good buy.
RSI: RSI marks divergences since January 2021
Stochastic: It is at an overbought level, so it could be a good sign, although it is not to be trusted, as it often stays in the later range for a while, while the price rises higher.