Resistence reached
BTC got to a major resistence.
I belive we will see a correction reaching the red rectangle and then bounce back to retest resistences.
A cool thing is that it touched the price resistence right where it crosses with the uptrend line.
The contradiction happens with these 2 indicators:
MACD lines crossed showing intention for more price gains.
RSI didn't get too excited leaving more room for growing.
In my opinion, now it's riskier to short than to hold waiting for the price to go up.
Whales are still in accumulation phase. They will be more than happy to buy your shorts at such low prices.
I belive we will see a correction reaching the red rectangle and then bounce back to retest resistences.
A cool thing is that it touched the price resistence right where it crosses with the uptrend line.
The contradiction happens with these 2 indicators:
MACD lines crossed showing intention for more price gains.
RSI didn't get too excited leaving more room for growing.
In my opinion, now it's riskier to short than to hold waiting for the price to go up.
Whales are still in accumulation phase. They will be more than happy to buy your shorts at such low prices.
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