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Bitcoin
Short

BTCUSD still bearish

By tvial
Updated
  • 8th 12h red candle in a row
  • bearish RSI and OBV divergences
  • low buy volume


Supports in orange, may think to go bullish if breakout green line.
Comment
Currently seems more bullish, breakout in progress, at green line level.
Comment
Was just another swing.
Bearish confirmed with a new low since 17200.
Bounced on support as expected.
Will try to update scenario later today.
Comment
No more bearish divergences.
Had a first 12th green candle.
Pay attention to the ~14k resistance, trend reversal may come but has to be confirmed.
Hope we'll be bullish soon.
Trade closed: target reached
2 new lows.
No market seems to reverse.
Will probably go long soon...
BTCUSDTrend Analysis
tvial
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