DerrickGibson

BITCOIN- HIDDEN BEARISH DIVERGENCE / LOW VOLUME

Satış
BITSTAMP:BTCUSD   Bitcoin
The Bitcoin bull trap has come to an end and it seems the dominant trend is resuming. The higher time-frames are showing severe hidden bearish divergence in the RSI. With the price making equal highs while the RSI made a significantly higher high. I was skeptical of the rally as the volume was far too low to be confirming a trend reversal. Entered shorts above 4k at the 100 day EMA and 200 week EMA resistance. My targets remain $2600 - $1900. This is a long term play and I don't expect the targets to hit any time soon. I don't feel comfortable buying in a bearish market that's full of bulls. Capitulation will be the signal for me to close shorts and start buying. $2600 is my target for the next low if we don't get capitulation and $1900 is the capitulation target.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.