BTCUSD is showing a bullish divergence with its ROC.This may indicate a bullish move toward the $30,000 resistance level.
Inside the cup, there is a low cheat pattern with pivot at $28,500 which could be a good first entry.
Still, the crypto space hasn't been showing much strength relative to the the stock market. So why own it?
At least not for now.
I'll wait for the price to be above $30,000.
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.
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.