BTC USDT 4h - weekly outlook, with bearish divergence
Monday update on bigger scale - 
BTC 4h chart:
- we managed to break the S/R line @ 55k and fixate closes higher - next stop should be 58k and then towards ATH. But we have some indications for small correction coming - seeing RSI is in divergence with price, which signals potential retracement. Why potential? Because BTC is in a grind and it would take a coordinated dump by large players to bring this grind to a stop. In case it happens around here - we have 55k and 53k to support us quite near and this is the range we were trading in these last couple of days. Further down we have a stronger support 51k and 48k, which should hold the dump and reverse from there. We have also 200MA coming to support 48k.
MACD will probably make a small cross, catching that move over 58k level - then we will see...
Have a great trading week 🤟🏼
BTC 4h chart: - we managed to break the S/R line @ 55k and fixate closes higher - next stop should be 58k and then towards ATH. But we have some indications for small correction coming - seeing RSI is in divergence with price, which signals potential retracement. Why potential? Because BTC is in a grind and it would take a coordinated dump by large players to bring this grind to a stop. In case it happens around here - we have 55k and 53k to support us quite near and this is the range we were trading in these last couple of days. Further down we have a stronger support 51k and 48k, which should hold the dump and reverse from there. We have also 200MA coming to support 48k.
MACD will probably make a small cross, catching that move over 58k level - then we will see...
Have a great trading week 🤟🏼
Hi there, join our community here: t.me/TheCoinStags_community
Autonomous bot trading is in the works, will be available soon to the public!
Autonomous bot trading is in the works, will be available soon to the public!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.