Ravich000

BTC Daily Bearish Divergence

Ravich000 Updated   
BITSTAMP:BTCUSD   Bitcoin
Triangle broke down with Daily Bearish Divergence maturing. Not looking good for crypto in the short term. Keep in mind though that the triangle broke to the upside previously and there was no follow up price action off of that so this might not play out just as well.
Comment:
Very impressive bounce off of 30k support level, didn't allow this divergence to even start playing out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.