VladimirRibakov

Bitcoin Short Term Forecast

Short
BITSTAMP:BTCUSD   Bitcoin
D1 - Bearish Hidden Divergence

H4 - Price has reached an important resistance zone, bearish divergence

H1 - 20 candles ride on the Bollinger bands, bearish divergence.

If the price moves lower and break below the low at 7234, then my idea here is to sell the rallies with bearish evidences.

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.