Bearish div. on the Weekly RSI in play (triple divergence).
Bitcoin appears to react to the 69 on the RSI. Observe p.a. Nov 2021 - huge correction to the downside.
Also there is a break in the uptrend (which looks out of kilter on the Weekly tf but makes sense on the Daily)
Where do I think price is going to next? 95K.
Dont ask me where that target came from. Ok it came to me in a dream 😴
Ethereum also tested the ATH and got rejected as well as starting to break an uptrend.
XRP and SOL still operating below ATHs.
Imo the market looks bearish for the immediate future until proven otherwise. Could see a sharp move down moving into September (-11% BTC, ETH to 3K) followed by a rally into year-end.
Bitcoin appears to react to the 69 on the RSI. Observe p.a. Nov 2021 - huge correction to the downside.
Also there is a break in the uptrend (which looks out of kilter on the Weekly tf but makes sense on the Daily)
Where do I think price is going to next? 95K.
Dont ask me where that target came from. Ok it came to me in a dream 😴
Ethereum also tested the ATH and got rejected as well as starting to break an uptrend.
XRP and SOL still operating below ATHs.
Imo the market looks bearish for the immediate future until proven otherwise. Could see a sharp move down moving into September (-11% BTC, ETH to 3K) followed by a rally into year-end.
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.
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.