Bearish Divergence Incoming
I believe the market is looking for a correction after a 25 day run. Here are my reasoning. Enjoy!
-Bearish Divergence has now been formed on the 6h timeframe
-Wolfpack id has been losing momentum and on lower time frames have turned into the red.
-Fib Retracement shows the 60% has been reached, although a further move to 80% is likely.
I just want to point out that BTC can still run up to 52k , however a correction is necessary for further gains.
Add that to the FUD over the Infiltration bill and the SEC regulatory crackdown down.
Price prediction:
***$40k within the next 12 days***
These are just my observations on the market not financial advice.
Please Leave a comment and let me know your thoughts.
I believe the market is looking for a correction after a 25 day run. Here are my reasoning. Enjoy!
-Bearish Divergence has now been formed on the 6h timeframe
-Wolfpack id has been losing momentum and on lower time frames have turned into the red.
-Fib Retracement shows the 60% has been reached, although a further move to 80% is likely.
I just want to point out that BTC can still run up to 52k , however a correction is necessary for further gains.
Add that to the FUD over the Infiltration bill and the SEC regulatory crackdown down.
Price prediction:
***$40k within the next 12 days***
These are just my observations on the market not financial advice.
Please Leave a comment and let me know your thoughts.