Bitcoin – searching for the entry point
Hello, everyone!
I’m searching for the entry point for the Bitcoin. We can see the strong bearish divergence with RSI on 1h timeframe. The correction started but I am not sure that it’s finished. I am waiting for the 0.5-0.61Fib ($37300 – $36600). Here we can also see the clear stop loss level at $35473 – just under the local demand zone(I did not mark it to make my chart clear). After that I expect the supply zone breakout to the upside.
Be patient and good luck!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
I’m searching for the entry point for the Bitcoin. We can see the strong bearish divergence with RSI on 1h timeframe. The correction started but I am not sure that it’s finished. I am waiting for the 0.5-0.61Fib ($37300 – $36600). Here we can also see the clear stop loss level at $35473 – just under the local demand zone(I did not mark it to make my chart clear). After that I expect the supply zone breakout to the upside.
Be patient and good luck!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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