Get started
Michael_Harding

BTCUSD - Potential Topping Action

Short
Bitcoin (BITSTAMP:BTCUSD)  
Michael_Harding  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Chart Patterns BTCUSD btcsignal signals
8
2
trendanalysis harmonicpatterns chartpattern btcusd btcsignal signals
Taking a look at the daily chart, RSI and price action are printing some clear bearish divergence indicating the bulls are becoming less aggressive. Should price action close below the ascending trendline as displayed on the chart, this would suggest topping action.

Trade Safe

🛡️ Managed Accounts + Challenge Passing Services
➡️ manage.forex

1️⃣ MT4 Trading EA
➡️ tinyurl.com/2rz783d4

‍🎓 Mentorship Program
➡️ tinyurl.com/8wfnuucy

📈 Live Performance
➡️ tinyurl.com/y67rnwrd
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.