BTCUSD
- BTCUSD volume is very low, dating to 2016 and previous levels
- MACD is ready for a downward crossover, which is bearish
- 1 and 5 day RSI shows overbought
- head and shoulder pattern is forming right shoulder
- 5 waves could complete the head and shoulders pattern with target of 5400-6000 R/S zone
- BTC difficulty levels are at 3.29T, with more and more mining operations coming online especially in Canada
Comment:
BTCUSD will fall when the USD DXY rises near or after the Fed rate hike on March 21st. If your base currency is CAD, GBP, etc maybe you are better off.
Trade closed: target reached