peterbokma

Watch BTCUSD - Negative Divergence developing

BITSTAMP:BTCUSD   Bitcoin
The market is still willing to bring the Bitcoin higher, however, there should be extreme caution now. The RSI is much lower currently compared to a previous registered high BTC USD on 12th April 2021, which is negative divergence in development. We are attempting to break beyond 67K, and if so, it will move above 70K. The most likely strategy is, to sell at current levels 65-66K and again above 72K for move back towards 35k. It is a medium-term strategy and stops are advised to be 10-15% above entry level, and scaling in small increments is advised ensure a good average, is my personal opinion.

Have a good trading day.

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