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Shanks21
Aug 21, 2020 9:10 PM

BTCUSD RSI BEARISH DIVERGENCE ON DAILY Short

Bitcoin / DollarBitfinex

Description

BTC already struggled to keep itself above 12k.

Now is the time to make a big correction imo.

What are the signs of a start of a reversal move :

- We have a CME Futures gap on 9670USD level
- We have a crystal clear bearish divergence on daily TF on RSI indicator (rsi length=14)
- We have a rising wedge which is a bearish chart pattern.

Possible time to enter a short trade = break of 11500 USD
TP1: 10500 USD
TP2 : 9700 USD
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