I think we are at the edge of a possible big correction for BTC
. If you have seen my previous analysis, Bitcoin
is trying hard to keep its head up. But as trendline
and charts indicate, it is really struggling. MACD
is just about to turn bearish
, so as the STOCH
. If BTC
cannot move above 9500 USD in the following 4-5 4H bars, I think we will have a correction down to 6000 USD. Let's see what will happen.
Please note that this is my analysis only. Trade at your own decision.
Feel free to add comments and your opinions. You may even give a like, if you find the analysis useful.
Happy trading fellas.