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Short

BTC rejected by the MA 200 + hidden bearish divergence

KRAKEN:XBTUSD   XBT / USD
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There are currently two bearsih signs on higher timeframes:

1) BTC has been rejected by the MA200 on 1D for the second time since March. It's quite likely that the price would stay below the MA200 for a while. If the price breaks the MA200 and bounces from it, that would be a great bullish sign.
2) A hidden bearish RSI divergence on 1D.

However, there is a bullish RSI divergence on 1H, but that's only useful for short term trades.


(This is not a financial advice. I might be completely wrong. Do your own research before trading.)

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