AdamYoung

Bearish Divergence - Short-Term Pullback Possible

Short
BITFINEX:BTCUSD   Bitcoin
Bearish divergence on OBV (indicated by pink line)
Possible stoch cross on RSI (waiting for session close for confirmation)
Volume decreasing

Old resistance line (green) should act as support
Aiming around 10,600-10,700 before next run

If 11,600 breaks on next run, very bullish! Fingers Crossed!

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.