Bitcoin | This Is It, Going Lower Short

Bitcoin / DollarBitfinex

Description

⋅ Aug 2, 2020 10:41 AM

This is it folks... Bitcoin (BTCUSD) peaked.

Here we can notice a strong bearish divergence between Bitcoin and the MACD/RSI.

We also have the Bitcoin CME Futures GAP which I wrote about on July 28...

Prices are now clearly aiming lower.

All the support levels are marked on the chart.

Namaste.

Comments

faken

⋅ Aug 2, 2020 8:00 PM

i disagree

spititout

⋅ Aug 3, 2020 11:46 AM

i don't see any divergence, could you be more specific?

AlanSantana

⋅ Aug 3, 2020 12:17 PM

@spititout, Yes. Bearish divergence between BTCUSD and the MACD. 4H timeframe.

spititout

⋅ Aug 3, 2020 12:20 PM

@alanmasters, well i see it in the build up to the huge retrace, it was all over ETH too, but now? i don't see a trend to apply it to yet or enough 4hr candles after the retrace to confirm it. i mean i'm no expert and i'm trying to learn more about the different forms of divergence so if i'm coming at it from the wrong direction i'm more than happy to be corrected / take advice. also, thanks for the content :)

DomiTheProducer

⋅ Aug 5, 2020 10:29 AM

Agreed, 10800 should be tested.

crumpets

⋅ Aug 4, 2020 5:59 AM

i also disagree. Really? That was it?

AlanSantana

⋅ Aug 4, 2020 11:16 AM

@crumpets, Let's wait and see...