BTCUSDT Looking Bearish in the Short Term

Multiple indicators have signaled bear as well as overbought conditions for Bitcoin on the 15m chart. This makes sense because Bitcoin has just experienced a pump within a short period of time. Usually, this means a retracement will follow as market participants will be compelled to take profits which means selling in the shorter term, a potential dip may be an opportunity to buy as we are likely to go higher in the longer term.

All TradingView ideas are meant to be for educational purposes only.

Kommentar:

Price action has played out perfectly