BTC: Bears are lurking..Bear Div, Low Vol, Stoch RSI overbought

7 May 2019

Bear Divergence on RSI can't be ignored.

Low & Declining Volume.

Stoch RSI overbought.

(See yellow lines)

8 May 2019

Not

So, since I posted the above yesterday, we've retraced $200 from $5925 to $5725. We nearly printed a Shooting-Star Candle on the Daily. If the clock didn't run out, I think we could have.

I'm not certain which way we're going to go i n the Short-term, but a day or two ago, I was nearly convinced we would have smashed through $6000 by now. The fact that we haven't broken $6000 yet is a Red Flag to me.

Also, I haven't seen anyone post that we're currently in a massive Bearish Ascending-Wedge... so, there's that to take in to consideration (see above screenshot)

15 May 2019

Emir iptal