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obsidian791
Jul 25, 2020 7:33 PM

Bearish Divergence Short

Bitcoin / United States DollarCoinbase

Description

Reversal is imminent.
Comments
Phi-Deltalytics
Thanks for sharing!
I think a short-term downward pressure is due. For both bullish and bearish wave counts, we are currently traveling in a flat with 1:1 extension at 9.6k and 1:1.618 extension at 9.9k. BTC is at heavy resistance zone.
Check out our wave count.
Jeff_Cryptopop
This run up is simply an attempt by whales to close a futures gap. Nothing more and they keep creating more bearish signals in the process.
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