Hello everyone,
This is just a warning TA for a BTCUSD pairing as Bitcoin crossed 30K and sits on 30500 at time of writing but is forming massive extended bearish divergence .
Keep also in mind high (highest in history) Weekly RSI
Bitcoin can keep rolling even to 50K but current area seems really danger to go long for me.
Feel free to share your opinions.
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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This is just a warning TA for a BTCUSD pairing as Bitcoin crossed 30K and sits on 30500 at time of writing but is forming massive extended bearish divergence .
Keep also in mind high (highest in history) Weekly RSI
Bitcoin can keep rolling even to 50K but current area seems really danger to go long for me.
Feel free to share your opinions.
ChaChain
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
Comment:
I think the previous run up from the divergence breakout was just a bulltrap and further down will come sub 30K
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