tvial

BTCUSD still bearish

Short
tvial Updated   
BITFINEX:BTCUSD   Bitcoin
  • 8th 12h red candle in a row
  • bearish RSI and OBV divergences
  • low buy volume

Supports in orange, may think to go bullish if breakout green line.
Comment:
Currently seems more bullish, breakout in progress, at green line level.
Comment:
Was just another swing.
Bearish confirmed with a new low since 17200.
Bounced on support as expected.
Will try to update scenario later today.
Comment:
No more bearish divergences.
Had a first 12th green candle.
Pay attention to the ~14k resistance, trend reversal may come but has to be confirmed.
Hope we'll be bullish soon.
Trade closed: target reached:
2 new lows.
No market seems to reverse.
Will probably go long soon...

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