EinsteinAI

BTC temp. sell off, bearish divergences, 4150 Resistance

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC has rallied up to 4145 and begun to weaken, a sharp drop isn't necessarily imminent but continued upside is severely constrained at this point. Numerous MACD bearish divergences on the 4h, along with the 12h and the 5 min chart, along with that horizontal resistance level of 4150 spell the high likelihood of a local top. Not calling for the end of the world here - merely saying it's time to take your BTC profits for now and look for a lower entry closer to 3900 or below. Altcoins have been underperforming BTC on this most recent rise, look for relative strength in alts in the near term and will update with specific recommendations as they present themselves.
Einstein AI

http://www.EinsteinAI.io
Telegram @einsteinai (Trades/Support)
USA Office
415 Mission Street
San Francisco, CA 94105

Europe Office
71-91 Aldwych
London WC2

Comments

Thank you destin2008!
Reply
Good call!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter