Bitcoin 4H Bearish Divergence Short

Bitcoin / DollarBitfinex

Description

⋅ Nov 12, 2020 12:25 AM

BTCUSD 4H is now showing strong bearish divergence with the MACD, RSI, and STOCH.
A drop can potentially take place here.

Watch out for a close below $15400-$1550 on this timeframe as well as EMA50 as support.

Additional info on the chart.

Namaste.

Comment

⋅ Nov 12, 2020 10:05 AM

The Bitcoin bulls are now back in the lead.

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Comments

innocentAccoun35113

⋅ Nov 12, 2020 6:39 PM

True. A divergence against a solid trend rarely plays out as hoped. i.e. is unreliable.

AlanSantana

⋅ Nov 12, 2020 7:43 PM

@innocentAccoun35113, Thanks for letting me know, I will keep it in mind for the future.

Mes_s1a

⋅ Nov 12, 2020 4:56 PM

I dont care how profession you are at trading to short btc right now is madness.