chazd

bearish div leading to adam and eve bottom...maybe?

BITFINEX:BTCUSD   Bitcoin
Not perfect bearish divergence, but volume is declining and we do have heavy resistance around the $9K area. Stoch RSI is climbing above 80 and on declining volume + resistance, wouldn't be surprised to see a completion of the adam and eve bottom here before launching back into bull market end of this month and early march. Setting my buys on the lower red line, watching to place a short if we keep getting closer to $9k on continuing declining volume.

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.