BTC/USD need a pullback to cool off after a nice rally from 4000$ to 7500$. The reason why BTC was pumped hard is simple,traders all time shorted BTC and the whales liquidated this positions. BTC/USD now just hitted the first long term 0.236 fib resistance line which is at 7104$ and also the candle closed below this resistance line(bearish sign)+we have a huugeee strong ichimoku resistance in this weekly chart
RSI is still overbought because is above 70 point
at MACD just crossed the neutral zone which is a really nice buy signal BUT don't forget another indicators :-) .Stochastic also is overbought.
I'm expecting a pullback till 50MA weekly. We have too much support line for a breakdown below 3000$
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BOTTOM IS IN.
We have strong support from 50ma+200 ma .
At volume profile(VPVR) we can see two huge volume candles between 6870-6130$ and 4400$-3650$ act as STRONG SUPPORTS also.
BOTTOM IS IN,accept it.
When is fear and bad news in the market is a buy opportunity,when each trader is greedy.Just sell your coins and wait
If you are agree,give me a like :)
GOOD LUCK!
BOTTOM IS IN.
We have strong support from 50ma+200 ma .
At volume profile(VPVR) we can see two huge volume candles between 6870-6130$ and 4400$-3650$ act as STRONG SUPPORTS also.
BOTTOM IS IN,accept it.
When is fear and bad news in the market is a buy opportunity,when each trader is greedy.Just sell your coins and wait
If you are agree,give me a like :)
GOOD LUCK!