BTCUSD: Bear Trend Continues... Hidden Bearish Divergence
Bitcoin broke down the symmetric triangle (bottom line shown in blue on chart) which confirms the down trend. A hidden bearish divergence is forming on the RSI, good entry for a short with a tight stop. Strong resistance at 7040.
Trade closed: target reached
Profit target reached!
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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.