On daily time frame yesterday candle didn't close above the cloud proving a failed rally We also have a lower volume and a Regular bear divergence suggesting us to short
Comment
⋅
Same with the BCHUSD pair Bull strength is weakening
Comment
⋅
While looking at the past rallies of BCHUSD pair we see that bch showed the same behavior, low volume - higher price - momentum decreasing This is a recipe of a bearish trend
Comment
⋅
Comment
⋅
I forgot to put the chart in the first comment where i talk about BCHUSD pair Here it is
Comment
⋅
Shorted BCH here at 0.174 with a tight stop loss Let's see what happens
Im short too btw