Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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If we zoom out, we can see bitcoin has had a strong move to the upside from $28,500 to over $50,000. In the short term prices are getting a bit overextended and we can see from historical data that September tends to be a pullback month especially combine with the current data showing overbought with divergences. I expect there very soon we can see a larger pullback to around 38-42K
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If we zoom out, we can see bitcoin has had a strong move to the upside from $28,500 to over $50,000. In the short term prices are getting a bit overextended and we can see from historical data that September tends to be a pullback month especially combine with the current data showing overbought with divergences. I expect there very soon we can see a larger pullback to around 38-42K
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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.