BTCUSD A Little Short Term Analysis (I suppose return from here)
Looking at the chart, you can see that there is a highly positive rsi divergence on the 2H-4H timeframes. The market is really on fire but if you look at the BTC Fear Index it is very low, it's around 15. I truly believe there will be a comeback here. At least I'm giving it chance. None of what I said is investment advice. I take no responsibility, what I say is just guesswork. Anyway...
Apart from the RSI divergence, we have a strong "Bullish Pinbar Pattern" that will carry us forward in the short term. So obviously this could maybe just be a pullback phase. It can carry up to 45K maximum, but it cannot determine beyond that, so open your positions by considering the 39K possibility. But I don't expect any lower (below 39K I mean) or any bear market. If you have an analysis you want, you can write it in the comments.
Have nice Trades!
Apart from the RSI divergence, we have a strong "Bullish Pinbar Pattern" that will carry us forward in the short term. So obviously this could maybe just be a pullback phase. It can carry up to 45K maximum, but it cannot determine beyond that, so open your positions by considering the 39K possibility. But I don't expect any lower (below 39K I mean) or any bear market. If you have an analysis you want, you can write it in the comments.
Have nice Trades!
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