spot MACD divergence in 1H chart of BTCUSD. I would place a limit buy order at 30080 with 10% position. Short term we might reach the bottom of the range bounding.
1. BTC up 26% in 8 days, which is followed by a 21 day 5% range consolidation. It is reasonable to take some time to digest the selling power after the radical rally. 2. Moreover, 30000-32000 serves as a key resistance level. A lot of transaction happens at this range last May-June during the LUNA crash, which means meaningful weak hand losers finally break even...
I am new to Trading View and just play around the features here. I spot this interesting chart with the screening features. Something is going on with POWR on Binance, worthwhile for a look. The breakout with volume mark a start of new round rally
1. BTC consolidation after quick rally 2. price fluctuate in a narrow range with declining volume 3. Macro positive news with US CPI below expectation Strategy 1. place a buy order at 30000 level, 5% position