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Jan 21, 2018 1:38 PM

BTCUSD 4h Bearish Divergence of Price vs. Momentum Short

Bitcoin / DollarBitfinex

Description

There is a bearish divergence of price vs. momentum on the 4h BTCUSD chart.
The blue trendline was already broken to the downside, the MACD is about to cross the signal line to the downside and the linear-regression channel is going down too.
All of these could indicate a trend-reversal - a conservative profit-target would be the exact middle of the linear-regression channel at about $10500

Trade closed: target reached

Comments
drowkraken
Great call
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