BTC 4 HOUR TIME FRAME on Coinbase looks like a Bulltrap. Los Angeles 12:17 PM.
Bitcoin 50 MA is looking to cross with 200 MA. RSI confirms downward trend. RSI is showing bearish divergence. If RSI breaks downward trend look for psychological $6000 resistance and $6200 previous ATH. Price action is moving up too quickly - correction immanent.
Red lines are where I think Bitcoin will find support and where my auto buys are set. Buying in small increments is a good strategy to pick up. Saves you from going all in this unpredictable market.
Bitcoin 50 MA is looking to cross with 200 MA. RSI confirms downward trend. RSI is showing bearish divergence. If RSI breaks downward trend look for psychological $6000 resistance and $6200 previous ATH. Price action is moving up too quickly - correction immanent.
Red lines are where I think Bitcoin will find support and where my auto buys are set. Buying in small increments is a good strategy to pick up. Saves you from going all in this unpredictable market.
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