BTC - A perfect close below resistance + 4 bearish divergences
Updated
Dear all,
Here is an update on the daily that just closed.
BTC has nicely or even perfectly closed below resistance...
In the meantime RSI is overheated and is now showing 4 hidden bearish divergence points while price is forming a double top.
Needless to say that the next days shall see some red around the charts. Especially since we did not witnessed any "fresh money" entering this bull run. It was only driven by a money transfer from alts to BTC.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
Here is an update on the daily that just closed.
BTC has nicely or even perfectly closed below resistance...
In the meantime RSI is overheated and is now showing 4 hidden bearish divergence points while price is forming a double top.
Needless to say that the next days shall see some red around the charts. Especially since we did not witnessed any "fresh money" entering this bull run. It was only driven by a money transfer from alts to BTC.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
Comment
I think we are going for a triple top with a downward breakout on this so called new inverted H&S.Inverted H&S which by the way does not have any clean neckline on the right shoulder (left part of the chart since it's inverted).
Comment
One last comment. Everybody has forgotten that it's still a valid bear flag? :) Comment
Protect your assets before thinking about increasing their value ;)Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.