Bearish div on small declining volume with new high makes me think BTC just has completed extended wave 3 of the cycle, so wave 4 ahead. Possible double top pattern hints on possible zone for correction, which coincides with 0.786 extension of wave 3 and near 50 ma. Look at previous corrections, the all touched 50 ma.
We have a week before monthly candle close, so sharp rejection from current zone will confirm this scenario.
Just from my experience new highs, not being confirmed with volume and even with bearish divergence, never has ended well.
We have a week before monthly candle close, so sharp rejection from current zone will confirm this scenario.
Just from my experience new highs, not being confirmed with volume and even with bearish divergence, never has ended well.
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Comentarios:
BTC in triangle with critical zone - 57000, target of 1st impulse - 44300 near 200 ma on daily.
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funding is 0.0505, nice for move start
Orden cancelada