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Bitcoin
Updated

BTCUSD volume is very low

347
BTCUSD
  • BTCUSD volume is very low, dating to 2016 and previous levels
  • MACD is ready for a downward crossover, which is bearish
  • 1 and 5 day RSI shows overbought
  • head and shoulder pattern is forming right shoulder
  • 5 waves could complete the head and shoulders pattern with target of 5400-6000 R/S zone
  • BTC difficulty levels are at 3.29T, with more and more mining operations coming online especially in Canada
Note
BTCUSD will fall when the USD DXY rises near or after the Fed rate hike on March 21st. If your base currency is CAD, GBP, etc maybe you are better off.
Trade closed: target reached
truthreveller
Also on:
Bitcoin (Cryptocurrency)BTCUSDTrend AnalysisTrend LinesVolume

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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.
Bitcoin (Cryptocurrency)BTCUSDTrend AnalysisTrend LinesVolume
truthreveller
Also on:

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.