BitcoinShort
Downtrend inside the uptrend BTC/USD
In my opinion, we will see a movement out of the uptrend before the end of the month to the levels of 8600 - 8700.
Here are a few reasons:
1. A downtrend has been forming for two weeks.
2. We can see a strong divergence of the BTC chart with the RSI and Volume charts.
3. At the moment, the bulls are trying to take the level of 0.5 Fibonacci (~9500), but so far without success. If the price do not rise above this level, then the probability of a continuation of a downtrend is high.
This post is only for educational proposes and does not provide financial advice.
Here are a few reasons:
1. A downtrend has been forming for two weeks.
2. We can see a strong divergence of the BTC chart with the RSI and Volume charts.
3. At the moment, the bulls are trying to take the level of 0.5 Fibonacci (~9500), but so far without success. If the price do not rise above this level, then the probability of a continuation of a downtrend is high.
This post is only for educational proposes and does not provide financial advice.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.