theflamingfalcon

Bitcoin Bull Trap Unfolding - Hidden Bearish Divergence on Daily

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
On the daily we have a large hidden bearish divergence. A hidden bearish divergence of this length is rarely wrong. We have bounced completely off both the bearish trend line and closed below it, we have also fell back through FIB retracement line .382 which is a important line to break. We are seeing bearish signs in MACD in 4 hr and several different bearish divergences. Anyone calling this a bull run is crazy, we are definitely still very bearish and this temp rally back towards 11k is probably going to meet with a huge refusal and a further drop lower. We should be looking at a large drop soon.

Keep a level head guys!

Comments

Nice...keep the good work coming
+1 Reply
Excellent contribution!
+1 Reply
theflamingfalcon YardleyRosette
@YardleyRosette, Thank you!
+1 Reply
Agreed on "those calling bull run are crazy"
Reply
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