Yeeroo

Possible move down for BTC

Short
Yeeroo Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC had a really good week but the RSI indicators are showing overbought levels on a lot of timeframes.
If the trend line breaks we may be looking at $36k in the next week to come
Comment:
Potential H&S forming on the 4H, which would give $34K as a target in roughly 5 days or less
Comment:
Looks like a rounded bottom is forming so careful with shorting @ $38k area, this is most likely temporary only but I suggest taking some profit here
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.