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mhfcrypto

BTC : Bearish Divergence rearing its Head

Short
Bitcoin (BITSTAMP:BTCUSD)  
mhfcrypto Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD BTCUSDT Bitcoin (Cryptocurrency) crytpocurrency
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Bearish Divergence showing up on 2HR chart.

Could be Canary in the Coal-mine.

Stay Sharp.
Comment:
Bearish Divergence presenting now on 4HR (see yellow lines below).

MACD Bearish on 4HR

Daily Bull Volume has been declining since 29th June; and Bulls are indecisive at best.

Waiting for confirmation to Short.

snapshot
Comment:
I thought I'd bring back Mr. Yellow Squiggly Line because he was so accurate last time.

Here's his prediction below.

Stay frosty

snapshot
Comment:
I've updated Mr. Yellow Squiggly Line because the good news out of South Korea etc temporarily caused a delay...

snapshot
Comment:
We should've spilled on the 7th July, but we were delayed in part by South Korean good news and, IMH0, Whale 'buying' manipulation to lure more Bulls into the Bull Trap...then we got our spill.

We'll see what pans out today. We can't deny Bear Flag and a probably further leg-down

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