JayT121

Bitcoin Weekly Bearish Signals. Likely to go lower

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
[Support post, I will post another post with more Bearish Signals. This chart will be in the comments. ]
Today I will show some weekly Analysis which is showing many Bearish signals.
Firstly the RSI has a weekly bearish Divergence. This is a bearish indicator as we are likely to move lower. (Marked by purple arrows )

Secondly There is a bearish engulfing candle which indicates bearish momentum (Indicated by green arrow), you can find more about the pattern here: https://www.investopedia.com/terms/b/bearishengulfingp.asp

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out