XBTUSD - Very bearish short term

7 Mar 2018

• Shorting volume has been on the rise in the past three hours
  
• RSI downtrending with no sign of a reversal
  
• MACD crossover very unlikely
  
• Crossunders on the EMAs
  

The faster MACD (EMAX Histogram) looks like there may be a dead cat bounce before the final drop. It can also indicate an underlying reversal trend, but when the indicators are this bearish it seems to be a mistake.

7 Mar 2018

Not