It is clear IMO why BTC is due for a pullback... BTC has reached the 200ma now acting as a resistance, there will be profit taking now as well, so it is very likely that we will be going for a pull back now... perhaps to bounce in the 50ma which could act as a support? around the 38.2% fib seems the best area IMO.
Other indicators showing an eminent pull back
-Stoch RSI over sold
-Volume going down
-Volume profile is showing low buyers interest area, usually an area of bounce
Other indicators showing an eminent pull back
-Stoch RSI over sold
-Volume going down
-Volume profile is showing low buyers interest area, usually an area of bounce
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