Bearish CAPITALCOM:BTCCAD
Monitoring Bitcoin here. Being weary with the upward wedge for a bearish movement especially with the new resistance of ~60k.
I've placed "Redflags" displaying a bearish Relative Strength Index (RSI) divergence. I'll be looking for confirmation below the "green" trendline indicated by the target sign.
This is where a good exit strategy is important as we understand how volatile BTC can be.
- Pocketfeeder
Monitoring Bitcoin here. Being weary with the upward wedge for a bearish movement especially with the new resistance of ~60k.
I've placed "Redflags" displaying a bearish Relative Strength Index (RSI) divergence. I'll be looking for confirmation below the "green" trendline indicated by the target sign.
This is where a good exit strategy is important as we understand how volatile BTC can be.
- Pocketfeeder