This is my vision to the BTCUSD pair for the next few Days.
BTC broke out the upper side of the wedge but soon pulled back under the pressure of the negative divergence and now is heading south to retest the previous bottom trend line, my idea is that whenever there is a false break out on one side of a wedge or a channel, usually we get a real breakout on the...
instead of lot of traders here on TV, i will be sharing this view on BTC taking in count this MACD almost crossing, i'm going on the idea that we will have a H&S patern which leads to a continuation of the bearish trend to the 6000 level meybe more.
as always it's only my view and not an advise.
- Crossed 0.00000260 Old Resistance
- Heading to 0.000000251 Old resistance with weak power.
- RSI (14) 3h timespand At around 15
- CMF 20 At -0.51
Waiting for buy signal wheather it's CMF, Stoch or Williams %R