BitcoinAggiornato Bitcoin showing some cracks - caution advised
- follow up analysis on USDT D. chart I posted yesterday
- the two have an inverse correlation so if USDT D. is making new all time lows, Bitcoin is making new ATHs and vice-versa
- with USDT D. threatening a range breakout it therefore makes sense to watch for signs of weakness with Bitcoin itself
- yesterday´s rejection happened right at the 0.618, making a lower high
- furthermore a clean S/R flip (red) occured alongside a textbook rejection of the 50 level on the RSI
- if range low is broken, the likely path for the king then is filling the CME gap that is roughly at the 78k area
- the two have an inverse correlation so if USDT D. is making new all time lows, Bitcoin is making new ATHs and vice-versa
- with USDT D. threatening a range breakout it therefore makes sense to watch for signs of weakness with Bitcoin itself
- yesterday´s rejection happened right at the 0.618, making a lower high
- furthermore a clean S/R flip (red) occured alongside a textbook rejection of the 50 level on the RSI
- if range low is broken, the likely path for the king then is filling the CME gap that is roughly at the 78k area
Trade attivo
USDT D. looking like a breakout
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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.