BitcoinLong
Bitcoin - What I see
I have seen many people panicking due to the recent pullback, and others even calling for 18k. At the moment I see no reason at all to panic, we have pumped very fast and a pullback is totally natural and expected.
There was bearish divergence on the 4hr which played out, taking us down from above 40k to low 30ks. Now we have oversold RSI on the 4hr and a bullish divergence forming. Also have made a higher low.
On the daily we still remain above the 21ema. As long as we do not close a daily candle below with significant volume, my bias will remain bullish.
There was bearish divergence on the 4hr which played out, taking us down from above 40k to low 30ks. Now we have oversold RSI on the 4hr and a bullish divergence forming. Also have made a higher low.
On the daily we still remain above the 21ema. As long as we do not close a daily candle below with significant volume, my bias will remain bullish.
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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.