Bearish Divergence Forming on BTC/USD in Bullish Channel
We've been in this channel for quite some time. The last two times we seen bearish divergence at resistance, we moved sideways until we found support in the channel before continuing up. This would put us as low as $18,100 by the end of Nov and at ATH's by the 2nd week of December. However, we have been been spending more time testing the resistance in this run and we're already turning resistance to support on the horizontal trendline, this can push us through it.
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.