BTCUSD: 3 Touch Bearish Divergence
BTCUSD has grown 65% since October 7th.
That is immense growth, mostly fueled by PayPal.
After breaking 17.2k, BTCUSD has not much BIG resistance left to ATH.
Although, as we can see, there is a 3 touch bearish divergence.
These play out very well on BTCUSD, although FOMO and hype is kicking in.
Some type of correction will come soon.
If the top channel line (in blue) breaks, this bearish scenario is out the window and 20k should come fast.
That is immense growth, mostly fueled by PayPal.
After breaking 17.2k, BTCUSD has not much BIG resistance left to ATH.
Although, as we can see, there is a 3 touch bearish divergence.
These play out very well on BTCUSD, although FOMO and hype is kicking in.
Some type of correction will come soon.
If the top channel line (in blue) breaks, this bearish scenario is out the window and 20k should come fast.
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