reppac

RSI Divergence

Short
BITFINEX:BTCUSD   Bitcoin
We have a RSI 1hr divergence and a closing triangle. A drop is about to occur and the next leg down about to begin.

Target around 7100 - 7300.

Lets see how this plays out.

Caveat: I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
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.