Hy fellow traders
greetings from team trading the tides.
lets discuss bitcoin which is inside a broadening top pattern , if it breaks the pattern top it can reach up to the value of 32k
but right now on 1 day tf as the spx and dow gives a good rally but the btc price has no effect considering the different market situations , i am waiting for the upcoming major news and my second thought is to wait till it reaches the resistance line so we can think about initiating short .
in addition the rsi is almost touching overbought area and if btc price touches the resistance then rsi would be totally oversold other than rsi i am also lookin for divergences or something to initiate short .
thanks a lot .
greetings from team trading the tides.
lets discuss bitcoin which is inside a broadening top pattern , if it breaks the pattern top it can reach up to the value of 32k
but right now on 1 day tf as the spx and dow gives a good rally but the btc price has no effect considering the different market situations , i am waiting for the upcoming major news and my second thought is to wait till it reaches the resistance line so we can think about initiating short .
in addition the rsi is almost touching overbought area and if btc price touches the resistance then rsi would be totally oversold other than rsi i am also lookin for divergences or something to initiate short .
thanks a lot .
Transaction en cours
if btc reaches 32k area which is also the resistance area of the broadening wedge then rsi would be touch completely overbought regions !Note
the idea is still intact , shorts are already running
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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.