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BTC looking exhausted - heading down?
Bitcoin
Short
BTC looking exhausted - heading down?
By duffff
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Apr 16, 2020
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Apr 16, 2020
Not advice in any way.
Similar structure developing to what happened last time when approaching the down-sloping resistance.
BTC fell below the upsloping trent line.
RSI and MACD bearishly divergence developing.
61.8% retrace resistance.
I can't see this breaking up and staying up. Stop loss is quite tight, might need to watch out for a blow-off top before dumping.
Bitcoin (Cryptocurrency)
BTC
BTCUSD
Chart Patterns
Technical Indicators
Trend Analysis
duffff
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