Anoinvest

Bitcoin massive bearish divergence

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone,

This is just a warning TA for a BTCUSD pairing as Bitcoin crossed 30K and sits on 30500 at time of writing but is forming massive extended bearish divergence .
Keep also in mind high (highest in history) Weekly RSI


Bitcoin can keep rolling even to 50K but current area seems really danger to go long for me.

Feel free to share your opinions.


ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

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Comment: I think the previous run up from the divergence breakout was just a bulltrap and further down will come sub 30K
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Comments

Yup we are very high weekly RSI, but it's not true it's the Highest in BTCs history. It's not even second the highest. We already were higher in April 2013 and second time in November 2013.


Anyway it's right that it is an important thing to pay attention to.
+1 Reply
Anoinvest VitoRozelli
@VitoRozelli, Thanks for reply buddy. Didn´t checked others exchanges and missed the Bitstamp chart
Reply
keep it up man
Reply
Nice chart... I like it..
Tnx for sharing! 😍
Reply
Nice one 👌 let's see how it will react around this round number
Reply
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