BTC/USD is showing a potential double top reversal here. if labeled support is broken, target level is around $7.9kadditionally, we have:
bearish divergence on volume
bearish divergence on MACD & its momentum oscillator
bearish divergence on RSI
AND (this is very important):
koreans and japanese are nowhere to be seen in this secondary pump. USD spot price has diverged hugely from its KRW and JPY counterparts.
trade at your own risk.
Note
at this point, it's looking like the market is ignoring the reversal signal (yet again), but we'll see
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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.