BTC/USD Analysis
Good afternoon My Royal Traders Here is an urgent BTC analysis......
BTCUSD
PROS
-We managed to reach 10100$ 2 times, we failed to maintain and got rejected severely, let's see how the 4h candle closes
- Still holding Weekly Support, Good sign
-We have seen Gold pushing through resistance & BTC Tends to lag behind Gold, best case scenario BTC is running behind & we will see Follow through shortly
-RSI Oversold conditions
CONS
If we get a close below 9500 on Daily Candle, 8700 - 8800 is imminent
-MAC D not valid
-Remmeber stay Viligent & Royal! Have a great Monday!
BTCUSD
PROS
-We managed to reach 10100$ 2 times, we failed to maintain and got rejected severely, let's see how the 4h candle closes
- Still holding Weekly Support, Good sign
-We have seen Gold pushing through resistance & BTC Tends to lag behind Gold, best case scenario BTC is running behind & we will see Follow through shortly
-RSI Oversold conditions
CONS
If we get a close below 9500 on Daily Candle, 8700 - 8800 is imminent
-MAC D not valid
-Remmeber stay Viligent & Royal! Have a great Monday!
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