BTC Correction Beginning

There is a strong bearish divergence in volume and RSI for a few days now while BTC kept pushing new highs.

Expecting a move down towards the 0.382 Fib line at 6247 EUR.

If you locked in the profits when I suggested in my previous BTC analysis, you'll have some nice buying opportinities at lower price levels soon enough.

Yorum:

Price did fall down to 6800 EUR level, but the market (although not very rationally) wants to go further up. This is confirmed after breaking the 7200 EUR major resistance.

Targeting 7500 EUR.