BTCUSD the bearish cycle

BTCUSD Perpetual Contract BYBIT:BTCUSD

baigxy

Currently the price is breaking the resistance level of 34k
If 34k break the next resistance level is 29k , we could see a low high from 29k if the price pulls back – in past there was price pull back
if the price fails to pull back from 29k the next resistance level is 20k – its possible since Macd showing end of bullish divergence and starting of bearish divergence
20k is possible if we continue to see bearish divergence in Macd – currently Macd is showing bearish divergence as well 50ma below 200ma
key level is 29k if 34k breaks

good luck…

You might be interested in …

Trading View March 3, 2022

RR=2.16 sell idea

RR=2.16 sell idea UNFI / TetherUS PERPETUAL FUTURES BINANCE:UNFIUSDTPERP slim7 2 bearish shark pattern combined + RSI divergence + double top in formation : price might retest the 5.5$ after it’s breakout *** PS : […]

Trading View March 6, 2022

ETHUSDT – Short by Supertrend, RSI & Keltner 3/6/2022

ETHUSDT – Short by Supertrend, RSI & Keltner 3/6/2022 Ethereum / TetherUS BINANCE:ETHUSDT dinhchien – 4h timeframe: Supertrend > Short. – 1h timeframe: RSI & Keltner Channels . … RSI long when crossover 70 and […]

Trading View April 12, 2022

[Bitcoin] 37k-34k-25k-12k??

[Bitcoin] 37k-34k-25k-12k?? Bitcoin / TetherUS BINANCE:BTCUSDT Tommy_Trader #Crack #Bitcoin #Binance #Daily – Even the $41.5k support failed and the green mid-trend line support also failed. – Since the support area at $37k-$37.7k overlaps with the […]