BCH bearish divergence and failed to close above cloud

2018年5月7日

On daily time frame yesterday candle didn't close above the cloud proving a failed rally
We also have a lower volume and a Regular bear divergence suggesting us to short

2018年5月7日

註釋

Same with the BCHUSD pair
Bull strength is weakening

2018年5月7日

註釋

While looking at the past rallies of BCHUSD pair
we see that bch showed the same behavior, low volume - higher price - momentum decreasing
This is a recipe of a bearish trend

2018年5月7日

註釋

2018年5月7日

註釋

I forgot to put the chart in the first comment where i talk about BCHUSD pair
Here it is

2018年5月7日

註釋

Shorted BCH here at 0.174 with a tight stop loss
Let's see what happens