I've previously mentioned in a BTC (Bitcoin) trading idea that the ETF approval would be a 'buy the rumor, sell the news' event:
Now, we observe a continuation pattern with bearish divergences on the RSI.
A bearish divergence is a term used in technical analysis to describe a situation where the price of an asset is moving in the opposite direction of a technical indicator. In particular, it occurs when the price of the asset is making higher highs, but a related indicator, such as the Relative Strength Index (RSI), is making lower highs.
My current price target is 39K , representing the next regional support.
Now, we observe a continuation pattern with bearish divergences on the RSI.
A bearish divergence is a term used in technical analysis to describe a situation where the price of an asset is moving in the opposite direction of a technical indicator. In particular, it occurs when the price of the asset is making higher highs, but a related indicator, such as the Relative Strength Index (RSI), is making lower highs.
My current price target is 39K , representing the next regional support.
トレード終了: 利益確定目標に到達:
Price target reached!
Bullish reversal!
Bullish reversal!
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BYBIT partner.bybit.com/b/37880