Bitcoin (BTC) larger correction coming?
BTC has just taken a >20% drop and hurt a lot of overleveraged longs in the process. Is it done dropping though? Maybe not.
Bearish divergence is clearly visible on the daily chart and is in the process of forming on the weekly chart.
Volume has been declining.
5 and 10 EMAs are about to cross down.
The strongest support on the daily chart is below $42,000
If the price continues to retrace we should expect it to fall to the next key support level, being $38,500 - $41,500.
Do I know what’s going to happen – No.
Is a further drop possible – Sure is.
Should you be prepared for it if it happens – Absolutely.
Happy trading.
Bearish divergence is clearly visible on the daily chart and is in the process of forming on the weekly chart.
Volume has been declining.
5 and 10 EMAs are about to cross down.
The strongest support on the daily chart is below $42,000
If the price continues to retrace we should expect it to fall to the next key support level, being $38,500 - $41,500.
Do I know what’s going to happen – No.
Is a further drop possible – Sure is.
Should you be prepared for it if it happens – Absolutely.
Happy trading.
Regular $100k+ profit daily.
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
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.
Regular $100k+ profit daily.
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
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.