- The price reached 50k$ as predicted but could not stay at this level.
- Support trend line broken.
- There is a RSI divergence.
- Low volume
- Jackson Hole meeting should give us some bad news
I see a drawback till local fib 0.5 around 39800$
- Support trend line broken.
- There is a RSI divergence.
- Low volume
- Jackson Hole meeting should give us some bad news
I see a drawback till local fib 0.5 around 39800$
Note
We reached almost 52k, logically it should be a stop loss but I'm still thinking we are going to have a drop soon.Note
And here is the so anticipated drop :)First target should be to the 37-38k range.
Trade closed: target reached
BTC reached 40200$
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.
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.