TradingView
ChangoMan
Mar 16, 2021 2:42 PM

Yet another RSI divergence Short

Bitcoin / U.S. dollarBitstamp

Description

This is a bigger one than the February one.

This may take us down to 40ks again.

Last time I warned about bearish divergence we touched 60k and fell back down to 46k
Comments
ThinkLikeaWhaleTLAW
Great job.
Yes a retest of 1.3T marketcap not out of the question. This new $ comes in.
The seasoned traders will eat good.
That is why I always had 1.66 T Market cap as the big ?
64-66k range seems to be about where we get rocked at.
Almost seems we doing a head and shoulders type pattern. But 52k seems to be holding for now.
As long as that stays solid. 65-66k before yet another correction. Seems to be the pattern.
All time high around 3k more followed by a 20% correction as been the norm lately.
Good thing about last sell off seems to be the weak hands or the FOMO money leaving.
How you doing by the way
ChangoMan
I see 35k coming, just not yet. 1 or 2 weeks from today.
More