BITCOIN: IN NEED OF CORRECTION.
BTC update:
BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at 21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon.
Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to 18k and then a strong rally breaking the 21.5k resistance.
Thank you for reading. Trade safely.
BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at 21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon.
Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to 18k and then a strong rally breaking the 21.5k resistance.
Thank you for reading. Trade safely.
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Publications connexes
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.