rafabeton

BTCUSD just broke major long-term uptrend line

Short
COINBASE:BTCUSD   Bitcoin
The parabolic rise of BTCUSD just got more dangerous. The dotted line representing the long-term uptrend line has just been broken. RSI is showing overbought. Bollinger bands are getting wider. I would not discard a correction back to $8k next week as people take profits at the $9k area.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.