DrJLT

Bitcoin death cross + bearish divergence: crash to 5k, 2.5k

Short
DrJLT Updated   
BITFINEX:BTCUSD   Bitcoin
Death cross is a matter of time as long as bitcoin stays under 200D, and it seems like it'll happen within days, not if hours.

Bearish divergence in volume

Very high sell pressure build-up (per UO).

Crash is imminent
Comment:
only $100 away from death cross!
Comment:
potential rising wedge on 1h chart
Comment:
indeed broke down. now looks like double top on 1h confirmed, target should be around the previous low.

that would most likely trigger death cross ==> lower low
Comment:
potential rising wedge on the hourly
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fallen out of the wedge. should probably target 7.4k now
Comment:
another rising wedge
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crashing a little at a time. this one probably will take weeks before reaching the target

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