BTCUSD
Hi every one
Bitcoin / U.S. Dollar
BTC can still be bearish! if we use Pitchfork on the chart we can understand that the price has been reacting greatly and moving between the lines of this Indicator! there is also a Regular Bullish Divergence (+RD) on RSI which means that there is a strong chance that Bitcoin would touch the top line of the pitchfork ( which is at 40K!) and than Starts to decrease! the reason we think that there is a strong chance that the BTC could not break 40k is that the price has not been able to break this resistance for 18 days! If the price manage to break 30K support (which is a pretty strong support!) the price can fall to 20k! In summery the price is gonna reach 40k and after that a bearish movement is expected and If that bearish movement is strong enough to break the 30k support the price shall reach 20k!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck