Most of us, hovering our eyes on BTC/USD price movement. The most of the things people discussing about building plot how to react upcoming price movement & their sentiments.
Apart from BTC-BCN mining ar, Putting more technical aspects - 5 hourly chart clearly indicating with huge divergence, which might pull sentiment go more bearish.
Also looking at Daily-5h-1 hr charts, I believe BTC experiencing much pressure to go down & it shows its rally hardly can reach out to 5500 before any corrections.
Further, trend respecting EMA 50-100, giving signal of pull back to start flow towards its previous support ~3600.
The trend line 5hr chart, which formed since last few months has been already broken & EMA 26-50-100 indicating give-up of upward momentum till date..
So,I believe we should wait for its rally to come down upto at least 3800-3700, and what market trends will be shown at that moment & expect whther from that point BTC collect conaiderable strength or further fall back towards its more stable support line nearly~3200-2800 level.
Hope it helps. Please share your observations, if any...
Considerable movement we can see BTC acquiring towards downtrend, as per 1D-5h charts. Beware, close your long positions, if any. Already touching ~4000..!!
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Broken solid support line @3900.
Further, rally towards 3600 began already...
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