Bearish Divergence Incoming
I believe the market is looking for a correction after a 25 day run. Here are my reasoning. Enjoy!
-Bearish Divergence has now been formed on the 6h timeframe
-Wolfpack id has been losing momentum and on lower time frames have turned into the red.
-Fib Retracement shows the 60% has been reached, although a further move to 80% is likely.
I just want to point out that BTC can still run up to 52k , however a correction is necessary for further gains.
Add that to the FUD over the Infiltration bill and the SEC regulatory crackdown down.
Price prediction:
***$40k within the next 12 days***
These are just my observations on the market not financial advice.
Please Leave a comment and let me know your thoughts.
I believe the market is looking for a correction after a 25 day run. Here are my reasoning. Enjoy!
-Bearish Divergence has now been formed on the 6h timeframe
-Wolfpack id has been losing momentum and on lower time frames have turned into the red.
-Fib Retracement shows the 60% has been reached, although a further move to 80% is likely.
I just want to point out that BTC can still run up to 52k , however a correction is necessary for further gains.
Add that to the FUD over the Infiltration bill and the SEC regulatory crackdown down.
Price prediction:
***$40k within the next 12 days***
These are just my observations on the market not financial advice.
Please Leave a comment and let me know your thoughts.
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.