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BTCUSD Retracement
Bitcoin
BTCUSD Retracement
By BannanaTrader
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Aug 1, 2021
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Cheer
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Aug 1, 2021
As you can see, on the 4hr chart, the MACD and RSI have both been forming bearish divergences for a while.
Since we have also been trading in a range I think it is likely that we break down out of the range and fall to a significant support (~37K)
Good luck everyone!
Ps: I know this is very similar to my other idea, just thought I’d provide a longer time frame perspective
Bitcoin (Cryptocurrency)
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BTCUSD
Chart Patterns
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Trend Analysis
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