Hello, everyone!

I’m searching for the entry point for the Bitcoin . We can see the strong bearish divergence with RSI on 1h timeframe. The correction started but I am not sure that it’s finished. I am waiting for the 0. 5-0 .61Fib ($37300 – $36600). Here we can also see the clear stop loss level at $35473 – just under the local demand zone (I did not mark it to make my chart clear). After that I expect the supply zone breakout to the upside.

Be patient and good luck!

DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.