Hey guys, BTC is performing really well over the past few days, now a need for a small pullback is coming up.
There is heavy resistance around $7800 fib level. I dont think bulls have enough power to push it through right now. Moreover with a rising wedge and nearly over-bought RSI indicates a small drop towards $7400 or $7200 max.
This would give enough room to BTC to try a breakthrough $7800 then.
However this may be a bear trap so i recomend you to use stop-limit orders optimally.
Happy investing!
There is heavy resistance around $7800 fib level. I dont think bulls have enough power to push it through right now. Moreover with a rising wedge and nearly over-bought RSI indicates a small drop towards $7400 or $7200 max.
This would give enough room to BTC to try a breakthrough $7800 then.
However this may be a bear trap so i recomend you to use stop-limit orders optimally.
Happy investing!