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Hoshea26
May 11, 2021 11:44 AM

SHORT [TERM] BTC Short

Bitcoin / U.S. dollarBitstamp

Description

Hey everyone
Btc just formed an ascending wedge - bearis.
On the 15 min time frame you can see clearly the back test.
Bearish divergences on the MACD and RSI. MACD- bearish cross of the 0 line.
The MACD still have a chance to rebound from the long term resistance on the 512~.
That look for very similar to the previous crash from the ATH. Lose of steam.
I am bullish on the btc on the long run but I can deny all those bearish singles.
Hope I am wrong and I will be happy to read your thoughts.
Good luck
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