BTCUSD - Daily + Weekly View

First thing I notice when looking at the daily chart, is the divergence with RSI and price action. Then I can also see we had a breakout below the ascending support.

Now when I take a look at the weekly chart, this is what I see.


The weekly timeframe definitely shows that the bullish momentum has stalled out. Indications of that include; RSI held below 70 along with a relatively strong bearish rejection candle.

This leaves me to now believe there is a chance of a correction perhaps down towards the 37k handle as pointed out on the chart.

For all of the above mentioned reasons, it doesn't make sense for me to hold my long positions and I'm looking for shorting opportunities.

That's it - That's all
Trade Safe