Even though im bullish for the long term, there has been many social and economical events that indicate markets are about to be shaken.. Now the charts are telling that we are going to catch some demand orders a bit lower, any correction or impulse is in a straight line, so bear that in mind before placing your orders.
On BTC we have a bearish divergence with the price and the RSI (A bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. Although there is a bullish attitude on the market, the discrepancy means that the momentum is slowing. Therefore it is likely that there will be a rapid decline in price.) While the DXY is showing a massive hidden bullish divergence on the monthly chart.
On BTC we have a bearish divergence with the price and the RSI (A bearish divergence is the pattern that occurs when the price reaches higher highs, while the technical indicator makes lower highs. Although there is a bullish attitude on the market, the discrepancy means that the momentum is slowing. Therefore it is likely that there will be a rapid decline in price.) While the DXY is showing a massive hidden bullish divergence on the monthly chart.
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Good bounce making $50,000 stronger.. impulse is coming up after retracement last week..
