As much as I'd like to see BTC keep going up, BTC is hitting a zone of resistance at the $3600 mark. BTC has stalled out at the ichimoku cloud along with the 50 Simple moving average. It broke out of the falling wedge like I said it would because of the daily RSI bullish divergence. However there needs to be a little cool off period before the next run up. The 4 hour RSI is extremely high and needs to lower. Look to add more around $3300 price as that is the next support and lines up well with the .618 FIB.
If you see here on the last daily bullish divergence we had a nice run up to the 200 SMA and top of the ichimoku cloud
If the same thing happens as last time price could get as high as 5k.
If you see here on the last daily bullish divergence we had a nice run up to the 200 SMA and top of the ichimoku cloud
If the same thing happens as last time price could get as high as 5k.
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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.