BTCUSD bounced off the 0.382 retracement line that I don’t see on nearly any charts – the one from the continuous rally from the weekly/monthly chart since 2015. It then proceeded to break its downward channel.
There’s been RSI divergence and declining sell volume leading to this point.
I don’t really know what the target should be if this is indeed the local minima. 0.382 retracement line since double top peak is 8126. 0.5 is 8780.
I’m a really new amateur to this so you should definitely not take it as financial advice – but I’d like any feedback I can get.
There’s been RSI divergence and declining sell volume leading to this point.
I don’t really know what the target should be if this is indeed the local minima. 0.382 retracement line since double top peak is 8126. 0.5 is 8780.
I’m a really new amateur to this so you should definitely not take it as financial advice – but I’d like any feedback I can get.
Note
All of 10 min later: HOLY SHIT!?
My volatility-based indicators are available for sale at SharkCharts.live
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK
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.
My volatility-based indicators are available for sale at SharkCharts.live
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK
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.