BTC short-term correction

Bitcoin / TetherUS BINANCE:BTCUSDT

hghit

The chart shows everything, but let me explain briefly what I have in mind:

I anticipate BINANCE:BTCUSDT to have a correction to 38-42 region in the short-term.

In 1 hour timeframe, last night we had a fake breakout of the uptrend, hasty bears opened their short position, then the price pumped and liquidated them all 🙂 .

Afterwards, price jumped above the resistance which had stopped BINANCE:BTCUSDT previously, then hasty bulls opened their long position, the price dumped and they also got liquidated :))

Daily candle closed Bearish and the RSI divergence in 4 hour timeframe is also obvious.

CME:BTC1! also has a gap below 41400 to be filled.

You might be interested in …

Trading View March 7, 2022

PHA

PHA PHA / TetherUS BINANCE:PHAUSDT Prinnce_24 My idea about PHA for upcoming months. The stop loss will be under the highlighted area.

Trading View April 30, 2022

Cup and Handle pattern for dogecoin

Cup and Handle pattern for dogecoin Dogecoin / TetherUS BINANCE:DOGEUSDT payamsalamir In the four-hour time frame,the Cup and Handle pattern is beautifully formed.According to this pattern,the price should rise to 24 cents,which is better adjusted […]

Trading View May 11, 2022

Good times to DCA and accumulate. deployed some capital to scoop

Good times to DCA and accumulate. deployed some capital to scoop Zilliqa / TetherUS BINANCE:ZILUSDT Ladadad1313 Accumulation period. Waiting for FED to make a pivot to bring back stocks and crypto market. For now, I […]