COINBASE:BTCUSD Daily RSI is showing bearish divergence and has dropped to 20. Historically, daily RSI dropping below 20 has been a highly reliable short signal. The last 5 times daily RSI broke below 20 price drops ranging from $1091 (10.46%) to $5069 (56.78%) followed. More cautious traders can wait for confirmation with downward break of the lower pennant...
SuperStoch exhausted pretty much on all TF's. IF we are still in range, I am expecting downside. Over the red line and we may see a bullish breakout. Risky trade due to halving fomo, but great RR ratio.
Would love if we get something like this. Shakeout longs, retest trendline breakout + a few major MA's around 7.9k, and shoot up right before the halving. May or may not happen, just an idea that would make the most sense and would certainly be the most painful one. Going up from here seems too "easy" money to me.
✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Longer term trends on Bitcoin (BTCUSD) point to more upside, but in the short term it looks like we could be gearing up a bearish "Bart." We currently are waiting for a short signal to confirm a short entry as a scalp short hedge play against the overall bullish trend. --- 1....
Nearing the top, reasons are as follows: 1, SuperStoch has been very accurate for the past few months and is currently saying we are up for at least a dip 2, Near .618 of the move down 3, Multiyear trendline acting as resistance 4, Near daily block Could potentially see a pump into the golden box before rejecting and moving downside for B wave.