BTC/USD
@Dmitry1gorevichHere is a daily chart Bitcoin against Dollar
Up to 62% Bitcoin dominance and unbelievable rally by the most liquidity coin
Almost equal sentiments on the market participants who open shorts and longs
MACD on the daily chart is bullish. RSI if we use it with the trend like this our criteria must be changed to 20\80 and BTC 3 times touched the 90th level before the consolidations not even corrections
On the 4 hr timeframe, the MACD signal line is not separated too
If we take a look at 1 hr timeframe we will see a reversal candle with extreme volume which can be a sign a soon correction, but it is not confirmed yet because the next candle should be closed below the reversal candle.
By the way, looking for short, not as to fix profit but to open positions is a bad idea when we have a trend like this. But nonetheless, take a look at an example when we had a strong bullish rally and after that, the Fibonacci, 0.618 level did what it usually does
And here is the current Bitcoin chart almost 400% as on the previous example.
At least those who didn't buy BTC at good levels got a hope...
Now 'Asks' exceed 'Bids' but the supply tendency is decreasing
The weekly MDR except the last day looked bearish
Bids\Asks of the leading exchanges in numbers. Especially looks interesting Bitfinex ratio
Conclusions:
If you are bullish
To buy BTC right now is madness or FOMO so, unfortunately, we have to see some correction to buy it.
It is early to give the entries but an acceptable area to buy is 8000$, stop - 6900$, take - 11300$
If you are bearish
Entry is - 13000$ area, stop - 14800$, take - 9100$
