Bitcoin has been experiencing some downward pressure, but is finding support at the 43-45k USD level. The recent price action formed a falling wedge with 3 consecutive lower lows while RSI is rising (bullish divergence). I am looking for a nice setup to ride back up with profit taking from FIB 0.62 at 52k USD.
The money printer goes brrr for the next stimulus to be received by the US population. This should lead to much more demand in the crypto market to hedge the inflated USD.
This is no trading advice.
Good luck!
The money printer goes brrr for the next stimulus to be received by the US population. This should lead to much more demand in the crypto market to hedge the inflated USD.
This is no trading advice.
Good luck!
Trade closed: target reached
We hit 52k and it seems from here we have another leg down.
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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.