pocketfeeder

Could we see a $BTCCAD bearish movement

CAPITALCOM:BTCCAD   Bitcoin / Canadian Dollar
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.