Bitcoin consolidating and waiting for possible reversal SHORTI see Bitcoin as ready to fall as its next move. Short sellers are positioning. Volumes are falling
in a signal of capitulation. Relative strength is showing bearish divergence while price is in
consolidation. The boxes are checked and it is the weekend when the price volume trend is
typically sideways. This is demonstrated by the flatline PVT. I will short Bitcoin when I see
a bit of a volume push. I will reassess by crypto-related stock and options positions in due
diligence to protect risk.
Bearishdivergene
EURCAD Bearish Divergence, yet Longing Chances Too 07/02/2021 this instrument has got two scenarios
seem bearish to our eye as it has done its Distribution after showing some Regular Bearish Divergence with MACD which is the sign of trend reversal and a retracement unto the Fibonacci Golden areas but it is conditioned to break the blue trend line and if so the we can have our 2 bearish TPs...
if not
then we have the Bullish scenario which we can target Minimum of 1.71 CAD of our Fibonacci expansion .27% where we have specified it as Long TP.
Remember it is on the Weekly time frame so we may need to be more focused on fundamental of the market to get the grip of our Final decision and use the technical chart as a confluences along with it...
we are having mostly Bearish sentiment on this but we kept the Bullish back door open yet
which side do you think it goes?
GBP/USD mark a bearish divergence in the RSI!!!So, this technical analysis is so another interesting position in short. Also that work as signal to put in short position!!!
So, in the H4 timeframe we see that we have a possibility to see a shoulder head shoulder inveted in this timeframe to then bulls are wait to buy in the lower level, remember that in the latest technical analysis of EUR/GHP that investor of sterling pound it's want to make a bought in the lower zone of the price. so in the contrary EUR/GPB it's can be to experiment a long position in up the price!!!
Also, I add my fundamentals in the morning of EUR/GBP
But, in summary, the price is show us a possible bearish reversion of the price, and extraindicator RSI mark a bearish divergence!!!