$BTC upcoming correction? Bearish Divergence on daily timeframe.
Hello there ladies and gentlemen, BulloTaurus here with fressh Bitcoin analysis for today .
If you look at Bitcoin's monthly timeframe across top exchanges, you can see that #BTC had the highest monthly close since December 2017.
“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain.
I like to refer to Mark Twain's words, but if you look now, again in December, but for this time after 3 years, in 2020, we are on the same 20.000 resistance level trying to break from the rising wedge and hopefully close this monthly timeframe with a new ATH with a round number.
Last week we closed with a Bearish Spinning Top candlestick pattern. Another confirmation of possible bearish action is the bearish divergence that you can see on the chart above.
I would avoid trading before a full trend confirmation of maybe after a potential upcoming correction.
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
If you look at Bitcoin's monthly timeframe across top exchanges, you can see that #BTC had the highest monthly close since December 2017.
“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain.
I like to refer to Mark Twain's words, but if you look now, again in December, but for this time after 3 years, in 2020, we are on the same 20.000 resistance level trying to break from the rising wedge and hopefully close this monthly timeframe with a new ATH with a round number.
Last week we closed with a Bearish Spinning Top candlestick pattern. Another confirmation of possible bearish action is the bearish divergence that you can see on the chart above.
I would avoid trading before a full trend confirmation of maybe after a potential upcoming correction.
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
Trade active:
Bearish divergence does not lie.
Comment:
Trade active:
Perfect landing, time to go up! Bullish
