Get started
yo_zubair

BTC/USD - 4H - Regular Bearish Divergence

Short
Bitcoin (BITSTAMP:BTCUSD)  
yo_zubair  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Support and Resistance Seasonality crypto BTC Divergence Double Top
15
2
trendanalysis supportandresistance seasonality crypto btc divergence doubletop
BTC/USD has been in a bullish trend, making HHs and HLs on a 4H chart. The price action has made a double top on an important resistance zone with a bearish candle. The RSI has made a LH (Regular Bearish Divergence). Expecting bears to push price lower towards support.

BTC Seasonal Tendency:
BTC also has a 66% bearish bias for August from 2014 - 2021 (8 years)
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.