go8686
Short

BITCOIN IS WALKING BESIDE A CLIFF

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BITCOIN (Bitfinex:BTCUSD,COINBASE:BTCUSD,BITMEX:XBTUSD) may dump soon.
Reasons:
  • Overbought/Resistance (Yellow) in 85minute & 170minute
  • RSI Divergence
  • MACD Divergence and lower high
  • Long wick above on the top in 1H time frame
  • Main altcoins are weaker than Bitcoin

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DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Comment: There is a new rise, which is stronger than expectation, However, be careful, this can be Bull Trap, compared to Mar 21, it might be different than that, but think about it, when and where did whales buy?
Comment: When Bitcoin is challenge new high, Altcoins are watching and waiting, for what --- Bitcoin becomes exhaust and dumps.
Comment: There is no problem with this Short Signal, the problem is that I should have listened to the indicator of Breakout, as explained in my new idea:
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