Short term BTC Price movement
In this chart, we discuss the indicator that could lead the bitcoin to take some sort of correction.
1)Rising Wedge
2)Bearish Divergence
3) CME GAP
Rising Wedge;
In this Chart rising wedge pattern appeared on 4h timeframe which trigger the bearish target of $52500 to $51000.
Bearish Divergence:
Bearish Divergence has been playout on...
There is two Indicator that shown market might gone from here for health retracement to Around About $47500 to $45000
1) Rising Wedge on 4hr timeframe.
2)Bearish Divergence on 4hr time frame.
however BTC reached its Psychological resistance level of $50000.
if BTC wants to make all time high it must take some sort of correction which leads to healthy Pump.
