According to oscillators and volumes, we can expect BTC to soon undergo a significant correction:
- RSI peaks are declining, forming a divergence. A divergence is also observed on the weekly timeframe.
- MACD also shows a divergence.
- Falling volumes amid rising prices.
Horizontal lines mark two levels with minimum volumes in the profile. Such volume drops usually characterize support levels, which can be used as targets for shorting.
- RSI peaks are declining, forming a divergence. A divergence is also observed on the weekly timeframe.
- MACD also shows a divergence.
- Falling volumes amid rising prices.
Horizontal lines mark two levels with minimum volumes in the profile. Such volume drops usually characterize support levels, which can be used as targets for shorting.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.