The chart shows everything, but let me explain briefly what I have in mind:
I anticipate
BTCUSDT to have a correction to 38-42 region in the short-term.
In 1 hour timeframe, last night we had a fake breakout of the uptrend, hasty bears opened their short position, then the price pumped and liquidated them all :) .
Afterwards, price jumped above the resistance which had stoppedBTCUSDT previously, then hasty bulls opened their long position, the price dumped and they also got liquidated :))
Daily candle closed Bearish and the RSI divergence in 4 hour timeframe is also obvious.
BTC1! also has a gap below 41400 to be filled.
I anticipate
BTCUSDT to have a correction to 38-42 region in the short-term.In 1 hour timeframe, last night we had a fake breakout of the uptrend, hasty bears opened their short position, then the price pumped and liquidated them all :) .
Afterwards, price jumped above the resistance which had stopped
BTCUSDT previously, then hasty bulls opened their long position, the price dumped and they also got liquidated :))Daily candle closed Bearish and the RSI divergence in 4 hour timeframe is also obvious.
BTC1! also has a gap below 41400 to be filled. Trade closed: target reached
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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.