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Ironman8848
Mar 8, 2021 7:22 AM

BTCUSD - H1/M15 - SHORT TERM TREND REVERSAL ! 

Bitcoin / U.S. dollarBitstamp

Description

H1 : Bearish divergence (RSI) triggered a short term reversal, pushing down the BTC in the former uptrend channel.
Currently below TS, MBB and KS.
Watch clouds as the next significant support area
On the upside, in order to neutralise the ongoing short term bearish price action, BTC should quickly recover above the
cluster of KS, MBB and TS.

M15 : Below the clouds in a ongoing downtrend price action

Comments
ProjectSyndicate
seems like bears are taking over, at least on lower TFs.
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