BTC thoughts
Updated
Market is at a stalemate. Volume is low, greed is high.
Note
Whats interesting is if bitcoin does drop below 7k and 6k is the next support at the bottom of the trend line, if the rsi lands at a 24 it would still show bullish divergenceNote
Maybe we bounce early at these levels and end up in a more defined downtrend. Note
I kept this idea update in the group. Called out the bullish divergences yesterday. Clearly played out well. Hope everyone is having a good day of trading.
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.