BTC: bearish RSI divergence + 50EMA retest + support retest
BTC is now retesting the 1h support zone about 41.4k after today's uptrend
the price printed a little RSI bearish divergence but in my opinion priority is still bullish (hopefully)
i'm looking for a bounce here targeting around 43k: I'm not entering, as Im only trading breakouts, but this could be good news for the altcoins out there!
we're also currently smacking the 1h 50EMA, which has been a good level of support in the past
the RSI divergence was not printed on higher timeframes so I do not think it will impact the future price action too much
let me know what you think about this analysis in the comments and drop a like and follow if you enjoyed this!
the price printed a little RSI bearish divergence but in my opinion priority is still bullish (hopefully)
i'm looking for a bounce here targeting around 43k: I'm not entering, as Im only trading breakouts, but this could be good news for the altcoins out there!
we're also currently smacking the 1h 50EMA, which has been a good level of support in the past
the RSI divergence was not printed on higher timeframes so I do not think it will impact the future price action too much
let me know what you think about this analysis in the comments and drop a like and follow if you enjoyed this!
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