BTCBUSD 4HR potential break to the downside

2021年3月17日

BTC currently tradiing into a Wedge form a downtrend statistically this means a continuation of the down trend. Overall BTC is bullish and I remain Bullish long term. In the short-term their is evidence from the RSI, MACD divergence on the daily along with indications from the 4HR BTC.D and TOTAL2 charts that indicate a retracement to approximately $48-49k. If thier is a link between bond yields and BTC then further support for the retracement can be found in Increasing Bold Yields.

Again I am bullish on BTC and see any retracement/Pullback as short term.

This is not financial or trading advices. Do your own research before making any descisions on where to invest any of your hard earned fiat.

Cheers

smijas