TradingView
SaeedSajedi
Aug 14, 2021 11:32 AM

BTC, MACD and RSI show bearish divergence with price! 

Bitcoin / United States DollarCoinbase

Description

Bitcoin more than likely goes for a correction!

Both MACD and RSI show bearish divergence with price. Price is between two important resistance levels corresponding to 0.5 and 0.618 Retracements. Volume is also continuously decreasing.

These bearish warnings are important. It is wise to take them into consideration.

Check out related ideas for more details about general trend and final destination of BTC. Links are provided below.

Good luck my friends.

Comment

Divergence is always worth to be considered !
Comments
vaezjavadi
Very good , it's clear in volume indicator too
Usually we see divergences in end of the waves...
SaeedSajedi
@vaezjavadi,Yes my friend. I mentioned volume decreasing in the text as well.Thanks
AzhdarSarabi
Helpful warning. Thanks a lot
SaeedSajedi
@AzhdarSarabi, Welcome
knownBustard10883
Thanks Saeed. Good call.
SaeedSajedi
More