Currently we still have long term bearish signals :
- a great wave of Wolfe
- a bearish MACD divergence
- a huge bearish RSI divergence
- a strong resistance area around $60K
- a regular increase in institutional short positions (COT report)
- a significant drop in volumes
- a MACD bearish cross in weekly
- a death cross coming
- regulations and taxes in preparation
From my point of view there is a real likelihood of a market reversal.
This publication is a trend hypothesis.
- a great wave of Wolfe
- a bearish MACD divergence
- a huge bearish RSI divergence
- a strong resistance area around $60K
- a regular increase in institutional short positions (COT report)
- a significant drop in volumes
- a MACD bearish cross in weekly
- a death cross coming
- regulations and taxes in preparation
From my point of view there is a real likelihood of a market reversal.
This publication is a trend hypothesis.
Note
Trade active
s3.tradingview.com/snapshots/p/P2a42RlK.pngTrade closed: target reached
$37K reached
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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.