Hello traders and investors ,
bitcoin is ready for reversal from $52000 .
RSI also gives us direction ,
but we are not going for short blindly , we will see what price action tell us about this resistance, there are lot more confirmations we need to see , area of consolidation in chart is best place for sell i will see what market do in that area , as you see there is trend line in RSI and we will wait this trend line to break before going for short.
if market will give us more clue I will update here..
bitcoin is ready for reversal from $52000 .
RSI also gives us direction ,
but we are not going for short blindly , we will see what price action tell us about this resistance, there are lot more confirmations we need to see , area of consolidation in chart is best place for sell i will see what market do in that area , as you see there is trend line in RSI and we will wait this trend line to break before going for short.
if market will give us more clue I will update here..
as you guys see price exactly comes to area of consolidation , where we are waiting for decision . if price break this area i will go for short.