EthyMoney

BTC/USD Bearish Divergence Sighted

Short
BITFINEX:BTCUSD   Bitcoin
I have spotted a strong bearish divergence on these recent upward impulses of Bitcoin as seen using the RSI line and the price movement. I expect to see some red and a very nice pullback coming soon. This is supported by declining volume and a significant increase in the number of longs open vs shorts. Prepare for the pullback folks, happy trading!
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.