BitcoinLong
40k target before a pullback
In my previous ideas which were laid out when BTC was below 15K, I was expecting a pullback to 44K, 48K
But given the pace of the rebound, i think 40K might be the area where the momentum will be exhausted.
Though the weekly RSI is around 70, monthly still has some legs before pull back area
Note: I am not a professional trader. This is not a financial advice.
But given the pace of the rebound, i think 40K might be the area where the momentum will be exhausted.
Though the weekly RSI is around 70, monthly still has some legs before pull back area
Note: I am not a professional trader. This is not a financial advice.
Related publications
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.