Hi Seildev here
Just a quick update on BTCUSD, we have surpassed 61.8% fib overnight.
We have identified a rising wedge and our next test is around 7443. As long
as we don't pass and close full body candle on daily we are at bearish sentiment.
We have just seen on 1 hour, RSI divergence sloping down.
If we see a rebound @ 7183 we can see another bullish leg to 7600 however if 7183
is broken then we can look for short to 6415 and re-evaluate from that point.
As always, trade with a plan and safe trading.
Seildev
Just a quick update on BTCUSD, we have surpassed 61.8% fib overnight.
We have identified a rising wedge and our next test is around 7443. As long
as we don't pass and close full body candle on daily we are at bearish sentiment.
We have just seen on 1 hour, RSI divergence sloping down.
If we see a rebound @ 7183 we can see another bullish leg to 7600 however if 7183
is broken then we can look for short to 6415 and re-evaluate from that point.
As always, trade with a plan and safe trading.
Seildev
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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.