BTC shows various signs of weakness these days. Besides Elliott wave patterns which I published separately, signs of weakness in BTC's trend show themselves continuously.
I show you two different weakness signs here :
1- As you can see in the chart , BTC is making minor lower highs in price chart while making higher highs in both stochastic and RSI indicators. Divergence at top is a real warning.
2- BTC lost half of its value starting its journey from overbought to oversold zone from around 60000 to 30000 in stochastic indicator. Now, its reaching to overbought zone again with less than 1/3 recovery.
Be careful about cryptocurrency market these days my friends.
Good luck everyone.
I show you two different weakness signs here :
1- As you can see in the chart , BTC is making minor lower highs in price chart while making higher highs in both stochastic and RSI indicators. Divergence at top is a real warning.
2- BTC lost half of its value starting its journey from overbought to oversold zone from around 60000 to 30000 in stochastic indicator. Now, its reaching to overbought zone again with less than 1/3 recovery.
Be careful about cryptocurrency market these days my friends.
Good luck everyone.
Comment:
Nightmare became true! I warned many people not to buy Cryptocurrencies. There will be a noticeable counter trend correction soon. It gives you a chance to go short. Try not to miss that.
