BTCUSD (bitfinex) chart, although we have seen a strong rally to the $6500 area, we are still showing strong signs of divergence on MACD on both shorter scale (shown on the chart) or larger scale H4 and Daily divergence.
In my opinion, this rally to the upside provides a fantastic opportunity for some manipulation, to trap the buyers who enter due to FOMO (Fear Of Missing Out) and for the price to be pushed back down to the $5900 zone for a 500 pip decline.
We might get another push up to the $6600 zone to stop hunt the sellers in the market, but I believe a short opportunity is likely to commence, either from this zone, or $6600 area.
@PipsOfPersia
t.me/Pipsofpersia
In my opinion, this rally to the upside provides a fantastic opportunity for some manipulation, to trap the buyers who enter due to FOMO (Fear Of Missing Out) and for the price to be pushed back down to the $5900 zone for a 500 pip decline.
We might get another push up to the $6600 zone to stop hunt the sellers in the market, but I believe a short opportunity is likely to commence, either from this zone, or $6600 area.
@PipsOfPersia
t.me/Pipsofpersia