BobRivera990

Price correction after a huge uptrend

Short
BITSTAMP:BTCUSD   Bitcoin
it seems we have a lower high in the price chart
"The failure to make a higher high indicates that the buyers are losing momentum, and as a result, the sellers could temporarily take over the market"
MACD and RSI have a bearish divergence
Possible targets : SMA 50 ,SMA 200

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.