Dn0

BTC/USD Analysis

BITFINEX:BTCUSD   Bitcoin
I feel as the bearish trend is finishing but i remember of trade only what i see.
So i'm considering two possible scenario
the continuation of the bear movement and the inversion of trend.

Entry 1 trade the on retracement :
  • good support
  • trade consolidation area
  • check rsi
  • good risk reward

Entry 2 trade up trend :
  • RSI divergence
  • Support
  • Low volume as the main trend lost the power
  • good risk reward


Let me know what you think
Thanks

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