Get started
nagihatoum

BTC1! clear bearish div

Short
Bitcoin CME Futures (CME:BTC1!)  
nagihatoum Updated   
CME:BTC1!   Bitcoin CME Futures
Trend Analysis Gann Chart Patterns Bitcoin Futures BTC BTCUSD
35
23
trendanalysis gann chartpattern btc1! btc btcusd
rejection from the 4H 200ema, and price hit resistance of descending channel. Confirmation at the 4H candle close in 2 hours and a half.

BTC1! has been a leading indicator for BTC lately and has clearer patterns than BTC.
Comment:
Bearish div was not confirmed but still possible. Change in trend is only confirmed with price retest of the 4H 200 ema and support not just closing above it.

snapshot
Comment:
Bearish divergence formed

snapshot

Related Ideas

nagihatoum
BTC, whales trying to reach capitulation point
nagihatoum
BTC1! low volatility till Easter
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.