BTC is in a strong trading position, arguably the busiest area ever.
Since March 14 it has almost + 30% and I think it can easily have a physiological retracement due to some unloading of LONG positions.
This resistance is one of the strongest and in the event of a rebound it could lean against the Wedge support at 45.5k or the MA 200 which serves as a support at 44.5-45k.
As you can see we have the RSI in hyper bought, a WARNING and danger signal for those who want to open long (very risky).
The formation of a Buttefly pattern also ended right in this 48k zone which could push BTC down as described above.
What do you think?
Since March 14 it has almost + 30% and I think it can easily have a physiological retracement due to some unloading of LONG positions.
This resistance is one of the strongest and in the event of a rebound it could lean against the Wedge support at 45.5k or the MA 200 which serves as a support at 44.5-45k.
As you can see we have the RSI in hyper bought, a WARNING and danger signal for those who want to open long (very risky).
The formation of a Buttefly pattern also ended right in this 48k zone which could push BTC down as described above.
What do you think?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.