Sharifmoghadam

RSI Bearish divergence + Bearish Engulfing on weekly TF

BITSTAMP:BTCUSD   Bitcoin
Bearish divergence

As we can see here there is a RSI bearish divergence (also in Daily TF) but as we know 1H and 4H TF have bullish divergence , in weekly BTC is not promising

Bearish Engulfing

We had such a this engulfing candle in Late 2017 20K which leaded BTC to 3K , now we can see a massive bearish engulfing candle that will close in 11 hours and its absolutely not a good sign for bitcoin.

In case of closing this weekly candle as an engulfing one we can expect BTC to reach 12K or 8K (in very low case )


What you think about this situation ?
leave your opinion on comment it can help me and many others to take more profit from this monster

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.