BTCUSD H16: PRICE/ RSI DIV WARNING / pullback MODE(SL/TP)(NEW)

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BTCUSD H16: PRICE/ RSI DIV WARNING / pullback MODE(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT UNIUSDT. Just showing
signs of weakness and recommend to stay out
of this market into the pullback.

🔸 Summary and potential trade setup
::: BTCUSD 16hour chart review
::: not a great looking chart
::: upside capped by 55/56000 USD
::: price/ RSI div very clear on H16 TF
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 20-30% pullback possible next
::: 2-4 weeks in September 2021
::: right now limited upside
::: position traders should wait for
::: better entry prices later after
::: pullback will complete in October 2021
::: target BEARS is 44 000 USD
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: STAY OUT / LIMITED UPSIDE
::: NOT A TRADE SETUP
::: bull run not over yet stay tuned
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

הערה:

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הערה:

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