This chart shows several bearish signals on the BTC daily chart, and is meant to provide insight into possible (but not guaranteed) future price movements.
- It shows a rising wedge pattern, traditionally indicating a likelihood of a continuation of the previous trend (in this case: a downtrend).
- It shows a decrease in volume.
- It shows a bearish divergence on the RSI.
- It shows a bearish cross on the MACD.
Traditionally, these are all indicators of a bearish future trend, which can be used to speculate future price movements.
I hope my analysis was helpful.
- It shows a rising wedge pattern, traditionally indicating a likelihood of a continuation of the previous trend (in this case: a downtrend).
- It shows a decrease in volume.
- It shows a bearish divergence on the RSI.
- It shows a bearish cross on the MACD.
Traditionally, these are all indicators of a bearish future trend, which can be used to speculate future price movements.
I hope my analysis was helpful.
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