redbully27

redbully27 Updated 

it seams the BTC is building up a correction, atleast short term, how it goes will we see based on the Momentum and the RSI Divergence. I suggest a tight Stop Loss!

redbully27

as you see, the BTCUSD is going sideways, with a more leaning way of a little correction, but up to 45k. Take care and wait before you trade, if one of the resistance/support lines are broken or not

redbully27

Could this mean anything? Write your thoughts down please, just being curious... :D

redbully27

you see on the 2-day timeframe a forming big drop, a possibility of going sideways a couple of days is likely but the dominant cycle becoming bearish, do properly manage your risk well! Sold at 42.500 exact, stop loss/take profit is at 39.700

redbully27

As you see on the right and left side, the BTC is taking a possible course like it did 2019, about to reach the resistance line, and even hold for a couple of days, but then plumped to the ground...Just manage your risk well!, can go very wrong....

redbully27 Updated 

You see the stoch rsi and the crsi are about to enter in a longer consolidation phase to the bottom, I would be careful till the 41.5k is breached or being ready to short if not

redbully27 Updated 

Personally, since the RSI and the KDJ are already on a very high level, I expect a further downtrend if around the shown resistance line, sooner by closing under it or later by going down around this area, if its the 2. way, I would go short when the shown line is broken from above (closing) under it...

redbully27 Updated 

as you see, the rsi and the channel are about to get to the point of matching together a possible fall in the next 6-12 hours...still do updates as the hours continue

redbully27

Should be seeing a bigger drop to the lower green line, crsi 20 and 10 are both in a beginning downtrend and it would perfectly fit inside the forming triangle.

redbully27 Updated 

you see a possibility in the 3-hour time frame, the crsi and the kdj is about to drop again, but wait till you see a clear candle going down or/and the resistance line is resisted before opening a position or closing a long one... and as always, do your own research in advance of opening a position... if you like the stuff I do, leave a follow :)

redbully27 Updated 

You see here the rsI is on the edge and the piruves stays under the resistance line most likely what makes a downtrend more likely

redbully27 Updated 

It's possible if the Support line is broken, that the RSI and the price will drop to the next resistance line. Would wait till the price closes under the current resistance/support line before opening a possition

redbully27

as you see the CRSI is about to lave the undersold area, but I would wait for a sign to break out of the downtrend and staying above 50 cRSI 10 with a clear sign of an uptrend, otherwise you can be tricked and it goes down even further pretty fast

redbully27

RSI is oversold for a couple of hours (day), which makes a fall more likely and as seen a clear rejection on 41.3k*ish

redbully27 Updated 

You see in the Duo Chart (4-Hour and 8-hour timeframe) that the RSI is about to fall after rising to a very high rate. I would wait until the BTCUSD decided away and breaking out of the shown triangle, but I think the chances of downward are greater than going up

redbully27

Since the RSI is high and the buy volume decreases and the fact that the BTC tried to get higher than 39600 for 9 hours but resisted, a correction to at least 37-36k is possible, not a financial advicer btw

redbully27

On the 2 and 4 hour frame, the rsi and the volume shows a slower increase which makes a correction more likely than breaking through 41k, the highest high in our sideway walk

redbully27

I see a longer correction from 39000 to possibly 34k and below since the rsi is already so high what makes a correction likely