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Nutty_Trader

Bearish Divergences - Bearish Bat

Short
Bitcoin / Tether (KUCOIN:BTCUSDT)  
Nutty_Trader  
KUCOIN:BTCUSDT   Bitcoin / Tether
Trend Analysis Harmonic Patterns Technical Indicators Bitcoin (Cryptocurrency) BTC crypto Cryptocurrency short Bearish Bat Divergence Contains image
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trendanalysis harmonicpatterns indicator bitcoin btc crypto cryptocurrency short bearishbat divergence containsimage
When looking at Bitcoin in the 1H timeframe we have formed a couple of bearish divergences (1 Hidden 1 Regular). We have also formed a bearish bat gartley pattern. We are also coming upon quite heavy resistance (44.5K). Taking all of which into consideration, it seems Bitcoin will struggle to move above this current price range. If it does reach 44.5K I think that would be an excellent short entry.

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