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Higham83

BTC Major Reversal Divergence, this could continue to drop...

Short
Bitcoin (BITSTAMP:BTCUSD)  
Higham83 Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTC Bitcoin (Cryptocurrency) crypto Bearish Patterns bulish Divergence
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trendanalysis chartpattern btc bitcoin crypto bearish bulish divergence
After reviewing the MACD on the daily chart, you can see the distinct lower highs, but the chart continued higher highs. Now the signal line has passed Zero and technically bearish we need to find the next reversal. Will this continue to dip, will it dip enough to test the daily 200MA around the 43k mark.
Comment:
Keep the daily in your back pocket when trading as we should se lower lows now. Also if you are trading any Crypto, most things are following BTC with a small delay.

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