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drasmat
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Bullish
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$BTC
done its job and still a strong momentum to go high as i have posted the analysis on 7th june of this month
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drasmat
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$BTC hidden bearish divergence on weekly chart indicating a potential reversal of price action and on top of it is the current #iranvsisrael conflict supporting this bearish trend to dominate over the coming weeks. As a professional trader i would highly recommend to do basic as well as technical analysis and keep in mind all other indicators and current affairs beside this RSI divergence to make a smart entry into the crypto market.
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$BTC has done much accumulation at the current values for the last week and can go for a bullish trend in couple of days until some unexpected big news like #TrumpVsMusk a day before or any other because the crypto market is very much sensitive and responsive for such news or any geopolitical incident.
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those who are scalping or habitual of 1m 3m 5m or 15min trading can benefit from ups down on these time frames in the consolidating phase even without looking to higher time frames
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you are absolutely right that in trading we should use GFS strategy i.e grandfather father and son strategy. son is 1hr then father is daily and grandfather is weekly
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btc will now bearish for correction
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