#BTC / USD 1 HR
With sentiment being divided, it is best to react to price movement rather than trying to predict. A bilateral formation is being painted on the charts. Hidden bear divergence is dropping off which means we may see a true breakout if we break upwards. However, the bull divergence is also dropping off which keeps me in a neutral position. Bull target is 8350, a bear target is 7500 zone.
Also of note, futures contracts will be expiring soon which might play a key factor in market sentiment as we continue to move sideways.
With sentiment being divided, it is best to react to price movement rather than trying to predict. A bilateral formation is being painted on the charts. Hidden bear divergence is dropping off which means we may see a true breakout if we break upwards. However, the bull divergence is also dropping off which keeps me in a neutral position. Bull target is 8350, a bear target is 7500 zone.
Also of note, futures contracts will be expiring soon which might play a key factor in market sentiment as we continue to move sideways.
Trade active:
Collecting longs along the trendline with tight stops. Average entry ~ 7760