ICMCapital

BTC to retrace before uptrend

Penjualan
BITMEX:XBTUSD.P   Bitcoin
BTC has been ranging on the daily but on the 4H it seems to be forming an H&S pattern which is confirmed by the volume profile. A break below 6430 will confirm the pattern and will onset a downtrend. Further the RSI seems to show bearish divergence on the 4H.
If the price action breaks above 6700, this pattern would be invalidated. Therefore, a little patience is needed before the trend is confirmed.

Happy and Safe trading,
nsai

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.