Bitcoin is showing signs of weakness near its recent high of 63444 . Bearish signals and RSI divergence is seen. However, still not very convincing given increase in volume today and increasing bullish signals on higher TF, it is still too early to enter market.
Trade active:
Bitcoins recent price action showed uncertainty, it was challenging to decide bullish continuation. Currently price is showing signs of increase. Indicators include increased and sustained volumes, market cap increase and also technical indicators such as RSI has been used to determine trend continuation. Will enter market around 66500k with TP of 69,000.
Trade closed: target reached
Currently there is a bearish RSI divergence on lower TF. Our target is around 70k. Currently following Wyckoff phase B of reaccumulation schematic.
Patience is key