BTC bearish scenario
Looking at BTC on the daily chart
* Histogram still in convergence meaning no signs of bearish moves yet
* RSI bearish div firing and bands are tightening up meaning a move should be expected soon
* Bears are in control but both bulls and bears are falling asleep
* Doing a fib of the entire range 7606 is the .382 level and where i would expect the bulls to hold some resistance if we drop
* Value low also lines up with .382 fib
* Double top in price creating an M with is typically a bearish sign
* Green box is long term buy zone
If you like what I do, drop a comment, tell me what you think and don't forget to like and subscribing. Thanks :)
* Histogram still in convergence meaning no signs of bearish moves yet
* RSI bearish div firing and bands are tightening up meaning a move should be expected soon
* Bears are in control but both bulls and bears are falling asleep
* Doing a fib of the entire range 7606 is the .382 level and where i would expect the bulls to hold some resistance if we drop
* Value low also lines up with .382 fib
* Double top in price creating an M with is typically a bearish sign
* Green box is long term buy zone
If you like what I do, drop a comment, tell me what you think and don't forget to like and subscribing. Thanks :)
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