(BITFINEX:BTCUSD) is testing the upper border of the . Two attempts were failed during the past hours. There may be another test, but with a high probability, a Pullback may happen soon.
Reasons:
Overbought / Resistance (Yellow) in 30 minute, and 42 minute time frames.
In 15 minute, a Pattern is formed.
Divergence in 30 minute
has Lower Top.
on the top of 1 hour time frame.
There is strong support in 4130-4160, it is still too early to say if the support will work once more.
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DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Published at Mon, 01 Apr 2019 18:04:22 +0000
