Bitcoin Dip
Hi friends
Bitcoin is looking good lately, we've seen some good rallies. I'm thinking bitcoin will continue to rally till we hit the next trend resistance somewhere around 9600- 9800.
Price will likely reverse at that level as we see a bearish divergence forming on the RSI. This indication is also supported by a divergence of volume on the price action. The volume consistently decreases as the price makes a new higher high. If we do make a U turn at that point, I'm expecting BTC to drop down to 7600 level.
That's it friends, I looking forward for your comments on this .
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks and Happy Father's Day!
-Poop
Bitcoin is looking good lately, we've seen some good rallies. I'm thinking bitcoin will continue to rally till we hit the next trend resistance somewhere around 9600- 9800.
Price will likely reverse at that level as we see a bearish divergence forming on the RSI. This indication is also supported by a divergence of volume on the price action. The volume consistently decreases as the price makes a new higher high. If we do make a U turn at that point, I'm expecting BTC to drop down to 7600 level.
That's it friends, I looking forward for your comments on this .
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks and Happy Father's Day!
-Poop
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