njmanura

njmanura

Bearish divergence in RSI, Very high derivative funding rate, with declining volume all indicate a pull back possibly toward lower 20k.

njmanura

This does not look good short term. We may see higher 11 thousands in due time and be a good buying opportunity.

njmanura

This is significant.

njmanura

BTC has corrected to the 0.618. We may see a significant drop in short term.

njmanura

Several M patterns, Bear flag indicate possible bearish scenario in the short term. We may have to postpone the bull run to Dec.

njmanura

Sell pressure is decreasing, BTC is holding 21 weekly EMA nicely and it made a inverse head and shoulders pattern on 30 min chart. We will get a short term bounce, but traditional market correction may add more sell pressure. I am spot long.

njmanura

Sushi has lots of hype behind it currently having RSI divergence.

njmanura

BTC completes H&S pattern and next stop is below 10000

njmanura

CRV is a hyped project recently launched creates W pattern with good entry point in fibs.

njmanura

Selling may be over for bitcoin at least short term

njmanura

Drawing trendlines can be tricky as some draw with bodies and other draw wicks. Since bitcoin is trading in 24 x 7 market considering wicks is important. If you look at this macro trend line well you will notice it was not broken. Unless this line is broken I am not terribly bullish on bitcoin.

njmanura

I cannot resist this divergence and i am going in.

njmanura

There is clear bullish divergence in RSI with double bottom with higher highs. We are due to a temporary bounce to 3000 levels.

njmanura

Bitcoin correction may be over as there is clear bullish divergence in the RSI.

njmanura Updated 

Not looking good for Short term, Whatever the bullish arguments people are putting, charts are saying otherwise. Clear Bearish divergence in RSI with rising wedge pattern. I am out of my leverage positions. Not advised to short this as we are in an uptrend.

njmanura

Impressive BTC rally see a loss of momentum, We may see a pulback,Still very risky to Short this thing. But have some cash to buy back lower.

njmanura

Bitcoin is protecting key levels ATM.

njmanura Updated 

There is clear bearish divergence on the charts and its one of the powerful indicators in Bitcoin trading. I am going short with stop loss above 9000.