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
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.