BTC overbought, highly likely correction is coming
The price of BTC shows a bearish divergence looking at the RSI. Combined with the high, overbought value of the RSI, a correction should soon be coming. Furthermore, the price level BTC is at right now is just below the very strong resistance zone at $5750-$6000. These things combined provide a relatively certain signal that BTCUSDT will drop down a decent bit.
Note
Let's say it's just a slight fakeout...
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.
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.