BanyiX

BanyiX

BTCUSD Short, RSI divergence

BanyiX

BTCUSD rising wedge on the daily chart, RSI divergence ,and also volume consolidation. Under the 200 days MA is a very strong resistance, i expect some correction.

BanyiX

I think as soon as the price reach the RED trendline, it will drop like a rock. Everybody are bullish, and (as always) they are wrong. Dont loose your money, be prepared for the turning pont!

BanyiX Updated 

Guys, i think the bearish market will continue. The resistance at 8000 USD will only keep for a short time, but after it fails only the linear trendline can hold the price from lower lows.