Good night everyone,
BTCUSD is now showing some weakness after that huge breakout rally, the buying volume pressure is slowing down and the selling volume is slowly increasing.
We have a bearish divergence on RSI and now price is standing on 5000 psichologic level.
Btc can sure just breakout and moon anytime, but its to risky to buy it right now , the best opportunity are on the demarcated support levels that can hold some correction, should btc show bullish signals on the support zone then we can buy it aiming 5900 resistance level and further.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
BTCUSD is now showing some weakness after that huge breakout rally, the buying volume pressure is slowing down and the selling volume is slowly increasing.
We have a bearish divergence on RSI and now price is standing on 5000 psichologic level.
Btc can sure just breakout and moon anytime, but its to risky to buy it right now , the best opportunity are on the demarcated support levels that can hold some correction, should btc show bullish signals on the support zone then we can buy it aiming 5900 resistance level and further.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
And because of that i'd not rush into long BTC, i'd wait a pullback or some sort of re-test (if the breakout really happen)