BTCUSD#BITCOIN broke the uptrend line (green line) in the late June 2021 and these days it's pullbacking to it. A divergence (blue line) can be seen in the last days move which could lead to a divergence chain; so, a possible path for Bitcoin could be a sideways trend together with a divergence chain, like the one happened from late Feb to early May 2021; then, a decline at least to 38,000 USD.
- Invalidation conditions: Either breaking the downtrend in RSI (blue line) or rebreaking the uptrend (green line) in the price chart and go beyond that.
- DISCLAIMER: This analysis is not a financial advice.
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Umnfortunately, I don't have much time to post in tradingview but I am very active in my Telegram Channel. You can join and follow my channel via this link:
t.me/cryptoMarket_rad
Instagram:
instagram.com/mehdi_rad_ew
t.me/cryptoMarket_rad
Instagram:
instagram.com/mehdi_rad_ew
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.