BTC: Bears are lurking..Bear Div, Low Vol, Stoch RSI overbought
Updated
Bear Divergence on RSI can't be ignored.
Low & Declining Volume.
Stoch RSI overbought.
(See yellow lines)
Low & Declining Volume.
Stoch RSI overbought.
(See yellow lines)
Note
So, since I posted the above yesterday, we've retraced $200 from $5925 to $5725. We nearly printed a Shooting-Star Candle on the Daily. If the clock didn't run out, I think we could have.
I'm not certain which way we're going to go i n the Short-term, but a day or two ago, I was nearly convinced we would have smashed through $6000 by now. The fact that we haven't broken $6000 yet is a Red Flag to me.
Also, I haven't seen anyone post that we're currently in a massive Bearish Ascending-Wedge... so, there's that to take in to consideration (see above screenshot)
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