Check this out: price of BNBBTC going ahead of Bitcoin market at the moment, giving the opportunity to look into the future of Bitcoin!
On the yellow line we can see short-term retracement really closely to the moving-averages.
After it price making Expanding Wedge or rising channel with fakeout and higher highs, showing us bearish divergence on the RSI indicator (blue channel). As well at the same time showing local hidden bullish divergence: higher lows on price and lower lows on indicator (yellow circle on the price showing this moment)
So according to this comparison we can expect similar price action for bitcoin. I am looking forward this price action to make another entry for btc and alts vs. usd.
Besides that, in this rising-sideways action we can get the opportunity for entering alts vs. btc!
_ Good luck and have fun! BR, Artem Shevelev Blackstone team
Emir iptal
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Hitted 7000 and on bitstamp 6200 earlier than expected, so this is change some things. It filled the gap on CME futures for Bitcoin
Cheers,