BitcoinShort
Bitcoin showing signs of weakness
Updated
Just testing the Ichimoku cloud on a shorter time frame. Price action and RSI are showing a bearish divergence; price increasing while RSI decreasing. TenkanSen is going downwards and is looking to cross KijunSen performing a bearish cross.
The overall macroeconomic state is not looking positive for Bitcoin either. Russia continuing the invasion and interest rates are going up.
The overall macroeconomic state is not looking positive for Bitcoin either. Russia continuing the invasion and interest rates are going up.
Note
A nice 7% retrace
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