DLavrov

Bitcoin Bearish Divergence

Short
POLONIEX:BTCUSDT   Bitcoin / Tether USD
The price diverges with RSI and MACD histogram. It's a trend reversal signal. We must be ready to see a short term downward movement. RSI confirms price reversal in the overbought zone. MACD lines are going to support downward movement. If the market moves lower, it will be a good opportunity for opening new long trades. Estimated entry levels will be near SMA20 and 4000.00 support level. If the market drops below 4000.00 level, the next possible reversal zone will be near SMA50 and 3500.00 level. Long trades must be opened based on confirmed reversal signals.

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