BTC is in a strong trading position, arguably the busiest area ever.
Since March 14 it has almost + 30% and I think it can easily have a physiological retracement due to some unloading of LONG positions.
This resistance is one of the strongest and in the event of a rebound it could lean against the Wedge support at 45.5k or the MA 200 which serves as a support at 44.5-45k.
As you can see we have the RSI in hyper bought, a WARNING and danger signal for those who want to open long (very risky).
The formation of a Buttefly pattern also ended right in this 48k zone which could push BTC down as described above.
What do you think?
Since March 14 it has almost + 30% and I think it can easily have a physiological retracement due to some unloading of LONG positions.
This resistance is one of the strongest and in the event of a rebound it could lean against the Wedge support at 45.5k or the MA 200 which serves as a support at 44.5-45k.
As you can see we have the RSI in hyper bought, a WARNING and danger signal for those who want to open long (very risky).
The formation of a Buttefly pattern also ended right in this 48k zone which could push BTC down as described above.
What do you think?
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.