Hello traders and investors,
Welcome to technical analysis of BITCOIN.
if you like this analysis please like and comment below, it will support creating more analysis for you.
BITCOIN is stuck between 2 trend lines.
there is possible flag pattern price breaks small flag and stuck into big one .
we are waiting here for confirmation
if price fall below green point i will go for short,
price is at 52975 level , and at this point ABCD pattern is also completed, which means there is very less chance of price to go more high, so we will wait for bears.
next confirmation is divergence :- RSI shows regular bullish divergence. it gives us clear signal of upcoming sell trend.
Welcome to technical analysis of BITCOIN.
if you like this analysis please like and comment below, it will support creating more analysis for you.
BITCOIN is stuck between 2 trend lines.
there is possible flag pattern price breaks small flag and stuck into big one .
we are waiting here for confirmation
if price fall below green point i will go for short,
price is at 52975 level , and at this point ABCD pattern is also completed, which means there is very less chance of price to go more high, so we will wait for bears.
next confirmation is divergence :- RSI shows regular bullish divergence. it gives us clear signal of upcoming sell trend.
