This is a very unpopular view and I've already been told off by countless perma-bulls, but hear me out here. This is the doomsday scenario for BTC, displayed in a no-BS way. You likely haven't seen this view yet due to people not wanting to believe it can be possible, but take a look with an open mind and see for yourself. This chart highlights the possibility of...
I have spotted a strong bearish divergence on these recent upward impulses of Bitcoin as seen using the RSI line and the price movement. I expect to see some red and a very nice pullback coming soon. This is supported by declining volume and a significant increase in the number of longs open vs shorts. Prepare for the pullback folks, happy trading!
Spotted a bear divergence on the 4hr chart, along with declining volume and a very high number of longs vs shorts. I'm betting on some dumpage coming soon to a chart near you ;)
