Bitcoin shows bearish sign on RSI.
#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
## Technical analysis:
. BTCUSDT was Moving in a Triangular channel then IT had a breakout.
. After Breakout It started Following parallel Channel.
. The price is now Below 50 EMA and 20 EMA.( BEARISH SIGN )
#Three Important KEY level Which May require A retesting.
KEY LEVEL 1:- Around $64000. ( Previous ATH )
KEY LEVEL 2:- Around $61500. ( DUE Retesting OF Triangular pattern after breakout) )
KEY LEVEL 3:- Around $60000. ( Lower Edge Of the parallel Channel )
Support Around $58500 Is very Strong.
#Bearish Sign.
.THE RSI made a Lower high and at the same time price movement made a higher high,
This kind of divergence is a BEARISH SIGN.
. Also Its Price is below 20&50 EMA which is also a BEARISH SIGN.
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## Technical analysis:
. BTCUSDT was Moving in a Triangular channel then IT had a breakout.
. After Breakout It started Following parallel Channel.
. The price is now Below 50 EMA and 20 EMA.( BEARISH SIGN )
#Three Important KEY level Which May require A retesting.
KEY LEVEL 1:- Around $64000. ( Previous ATH )
KEY LEVEL 2:- Around $61500. ( DUE Retesting OF Triangular pattern after breakout) )
KEY LEVEL 3:- Around $60000. ( Lower Edge Of the parallel Channel )
Support Around $58500 Is very Strong.
#Bearish Sign.
.THE RSI made a Lower high and at the same time price movement made a higher high,
This kind of divergence is a BEARISH SIGN.
. Also Its Price is below 20&50 EMA which is also a BEARISH SIGN.
If You Loved This Analysis ❤️ Hit the LIKE button
Drop some feedback below in the comment !
Trade well. ❤️
Aviso legal
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