jordan146

Bitcoin Bearish - multiple, converging indicators

Short
BITSTAMP:BTCUSD   Bitcoin
Divergent RSI with price, bear flag, fib extensions from local high-low not yet achieved, formation of bearish triangle. Measures move on indicators between $9667-$8600. Price short target (mid-term) $8800, mid-term trading range $9800-$8600. Longer-term possible price point reversals... $8167 (50%) $7184 (62%)

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.