Whats up folks.
Here my idea on btcusd
Currently price is showing some bullish volume with oversold and rsi divergence on 1,4 and 6 hours charts, large white downtrend was br9ken and the price is trading below ema 55 on daily chart, bulls wants to close daily candel over the 55 ema and inside the trend to confirm a fakeout and a new run, personally i bet btc will fall more and will show divergence and oversold on daily chart as well.
If price today does not close over ema 55 and come back to the upside of the white trend , i assume price would 1 more leg down to retest ema 200 on daily wich could be around 40k.
Im always Long on btc while it trades over 200 daily ema
Here my idea on btcusd
Currently price is showing some bullish volume with oversold and rsi divergence on 1,4 and 6 hours charts, large white downtrend was br9ken and the price is trading below ema 55 on daily chart, bulls wants to close daily candel over the 55 ema and inside the trend to confirm a fakeout and a new run, personally i bet btc will fall more and will show divergence and oversold on daily chart as well.
If price today does not close over ema 55 and come back to the upside of the white trend , i assume price would 1 more leg down to retest ema 200 on daily wich could be around 40k.
Im always Long on btc while it trades over 200 daily ema