TradingView
duffff
Apr 16, 2020 12:16 PM

BTC looking exhausted - heading down? Short

Bitcoin / United States DollarCoinbase

Description

Not advice in any way.

Similar structure developing to what happened last time when approaching the down-sloping resistance.

BTC fell below the upsloping trent line.
RSI and MACD bearishly divergence developing.
61.8% retrace resistance.

I can't see this breaking up and staying up. Stop loss is quite tight, might need to watch out for a blow-off top before dumping.
Comments
transparent-fx
I will be monitoring as well with this overall view
VincePrince
Thanks for sharing, this is my view on the current situation
duffff
@VincePrince, thanks for this
More