Tastemaker

A Bitcoin Bear Scenario

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
With the consensus occurring and everyone feeling so bullish , I'll be a contrarian with this bearish scenario. Note how quickly the 4 hr RSI has risen compared to price during this last bounce, setting up a bearish divergence that could lead into a familiar pattern. Also, note how similar the fractals look from the last rise/fall when compared to this one. Trade safe.

Comments

thank you bro, your good
+1 Reply
@Tastemaker, Nice comparison
+1 Reply
you are right
+1 Reply
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