BTCUSDT! Bearish Divergence. BTC is currently running out of momentum and it has a reversal bearish divergence pattern that is completed on the daily stochastic rsi and has created a pennant. Price can go either way. I'm currently waiting on a confirmation.
Current pattern Half Staff Pennant:
Time Frame: Daily Chart
My Targets: Probability can change.
Possible trend: Bearish Indications.
1 Stochastic Rsi bearish Divergence
2 Engulfing Bearish Candlestick
3 Decrease in volume
Possible support targets on the day chart
Bearish Targets: Can exceed or not meet expectation
1 $8368
2 $8068 My target to re-evaluate
3 $7210 - 7000
Stop Loss: Base on a Daily Candle Close.
$8700
Time Frame: Daily Chart
My Targets: Probability can change.
Possible trend: Only Bullish if trend hold!
1 Price Action in an Uptrend
2 Current pattern can break to the upside.
3 $8068 has not been closed below with a daily candle.
Bullish Targets: Can exceed or not meet expectation
1 $9219
2 $9880
3 $10752
Stop Loss: Base on a Daily Candle Close.
$8068
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
Current pattern Half Staff Pennant:
Time Frame: Daily Chart
My Targets: Probability can change.
Possible trend: Bearish Indications.
1 Stochastic Rsi bearish Divergence
2 Engulfing Bearish Candlestick
3 Decrease in volume
Possible support targets on the day chart
Bearish Targets: Can exceed or not meet expectation
1 $8368
2 $8068 My target to re-evaluate
3 $7210 - 7000
Stop Loss: Base on a Daily Candle Close.
$8700
Time Frame: Daily Chart
My Targets: Probability can change.
Possible trend: Only Bullish if trend hold!
1 Price Action in an Uptrend
2 Current pattern can break to the upside.
3 $8068 has not been closed below with a daily candle.
Bullish Targets: Can exceed or not meet expectation
1 $9219
2 $9880
3 $10752
Stop Loss: Base on a Daily Candle Close.
$8068
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.