Bitcoin(BTC) Update : Wait for a divergence.
- Summary
Today, I'll suggest some possibilities from a short-term perspective. If you are a trader who preparing for a short term trading, you may be get some help.
BTC price seems to following the scenario that I mentioned in my previous post ('Bitcoin(BTC) Update : An important junction, # 2-1'). I will mention a strategies to wait for divergence today.
[DATA: BTCUSD -4.18% 30min, virtual RSI trend line (candle/day), virtual need supported line(short term support line, Reference point EMA (400))]
#1. The RSI is dropping off the uptrend indicated by the orange dotted line. As discussed in the previous post, this case is likely to reach the 'need supported line'.
#2. The RSI Uptrend line, marked as a red dotted, is likely to be supported for a some time. If this trend collapses, the 'need supported line' will not be maintained.
# 3. To meet the above two points of view, there is a high probability of causing divergence as in the previous decline.
#4. If the price rises with this scenario, the first target price will be $ 9000. If you are a short-term trader, you can consider the selling point if the RSI draw a double top pattern in near $9000.
Today, I'll suggest some possibilities from a short-term perspective. If you are a trader who preparing for a short term trading, you may be get some help.
BTC price seems to following the scenario that I mentioned in my previous post ('Bitcoin(BTC) Update : An important junction, # 2-1'). I will mention a strategies to wait for divergence today.
[DATA: BTCUSD -4.18% 30min, virtual RSI trend line (candle/day), virtual need supported line(short term support line, Reference point EMA (400))]
#1. The RSI is dropping off the uptrend indicated by the orange dotted line. As discussed in the previous post, this case is likely to reach the 'need supported line'.
#2. The RSI Uptrend line, marked as a red dotted, is likely to be supported for a some time. If this trend collapses, the 'need supported line' will not be maintained.
# 3. To meet the above two points of view, there is a high probability of causing divergence as in the previous decline.
#4. If the price rises with this scenario, the first target price will be $ 9000. If you are a short-term trader, you can consider the selling point if the RSI draw a double top pattern in near $9000.
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