dutchtraderE

dutchtraderE

As said in last chart bitcoin went more down after forming an hidden bearish divergence. After finding support at 4.4k bitcoin quickly went to 5k levels. Keep an eye on the volume. If we push in the cloud we might test 6k resistance. If retest fails we will fall below 4k this time testing 3.5k Im in doubt if we will go above 6k. Due to the corona pandemic and...

dutchtraderE

the bearish trend will continue unfortunately. Hidden bearish divergence on the 4h with stochrsi indicator. Uncertain corona times not helping the bullish momentum also. Cash is the new safe haven. Not gold not bitcoin.