Uptrend is onset after a period of consolidation, however, we now encounter a major strong level of resistance. If this level is broken and we have a new high, this will create an ambiguous situation where we have an uptrend, but bearish divergence with MACD indicator. What's more likely in my opinion is returning to the buy zone labelled with the rectangle (which was already tested two times as a resistance and now is likely to become support, eliminating possible divergence and only then going to the new highs.
I believe that Bitcoin will follow white and green trajectory. Blue and red scenarios are unlikely in my opinion, but still can happen and we should be prepared for them.
As for now, you can try to aggressively short BTC now, but I will wait for long opportunity when price returns in 23890-25285 range.
Not a financial advice and investment recommendation, of course.
Take care and have green portfolios, crypto frens
I believe that Bitcoin will follow white and green trajectory. Blue and red scenarios are unlikely in my opinion, but still can happen and we should be prepared for them.
As for now, you can try to aggressively short BTC now, but I will wait for long opportunity when price returns in 23890-25285 range.
Not a financial advice and investment recommendation, of course.
Take care and have green portfolios, crypto frens
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Looks like we go up. Ok, I will then wait for whatever pullback to the levels around 29k from where i might go long
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We are currently following the blue scenario on the graph