BTCUSD - Short Term - Bearish Divergence Forming
Bitcoin price has fallen after forming a bearish divergence and is in the process of forming one right now. If price can not make a higher high, push above 9.3K and close, it is likely continue lower.
Highlighted are the next historical support regions in Green to speculate take profits, if BTC falls from here.
Keep an eye on the volume for a fake-outs, the RSI is already very low and there is a chance for a quick move up after a move down. (only if the divergence plays out)
Cheers and happy trading :)
Highlighted are the next historical support regions in Green to speculate take profits, if BTC falls from here.
Keep an eye on the volume for a fake-outs, the RSI is already very low and there is a chance for a quick move up after a move down. (only if the divergence plays out)
Cheers and happy trading :)
Smart Crypto Association [ SCA ]