BTC/USDT daily idea for a potential location to sell and reload
I share with you a chart if the market remains bullish. However, Momentum is weak on weekly frame not shown there.
Potential location to sell and take profit around 5700 and 6000.
NEXT location to reload or take position :
1 - Around 50 000$ / 0.618 FIBO
2 - Around 42 000$ / 0.382 FIBO
3 - Around 37 000 $ / 0.23 FIBO ( I do not expect this one)
RSI -14 periods daily--> showing the asset is underway to be oversold (close to 70)
Past divergence corrected and occurred a bounce on 0.382(visible in Weekly cloture) and bounce on 100 MA.
Do not hesitate to comment or share your opinion
Potential location to sell and take profit around 5700 and 6000.
NEXT location to reload or take position :
1 - Around 50 000$ / 0.618 FIBO
2 - Around 42 000$ / 0.382 FIBO
3 - Around 37 000 $ / 0.23 FIBO ( I do not expect this one)
RSI -14 periods daily--> showing the asset is underway to be oversold (close to 70)
Past divergence corrected and occurred a bounce on 0.382(visible in Weekly cloture) and bounce on 100 MA.
Do not hesitate to comment or share your opinion