Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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The price is making a higher high, while RSI-14 is creating a lower high as highlighted in the chart. This is a text book reversal signal as a bearish divergence. Let's see if BTC will stay true to the technicals and drop in price.
Thanks for the analysis. I am currently very bullish but that signal is definitely bearish.
SmartCryptoAssociation
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@kenshintani, Thank you for sharing. I am curious, what makes you bullish?
alienteck
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well it did drop a little..
SmartCryptoAssociation
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@alienteck, retraced about 4% drop and now we are retesting the highs. We are speculating a diamond top at the moment for another short play. Happy trading :)