Hello Dear Traders!
Bitcoin had a massive pump as we predicted in our previous technical analysis, so now we have reached in an area where we should more careful with our longs, because RSI indicates a divergence 48,000 is a huge resistance for now because there is red trendline continued from our previous highs, or from right here it might take us back to the support trend line around 45,500$ and 44,000$ area where the previous low trendline is, then from there we can expect an healthy come back toward 48,000 and 50,000$ and even more.
or else we will have a huge dump which is less expected to happen but we know there is nothing impossible in this market.
The Trade set up is clear, safe and profitable trades mates.
Follow me for more updates.
Thanks.
Bitcoin had a massive pump as we predicted in our previous technical analysis, so now we have reached in an area where we should more careful with our longs, because RSI indicates a divergence 48,000 is a huge resistance for now because there is red trendline continued from our previous highs, or from right here it might take us back to the support trend line around 45,500$ and 44,000$ area where the previous low trendline is, then from there we can expect an healthy come back toward 48,000 and 50,000$ and even more.
or else we will have a huge dump which is less expected to happen but we know there is nothing impossible in this market.
The Trade set up is clear, safe and profitable trades mates.
Follow me for more updates.
Thanks.
