BTCUSD You See What I See? Hidden Bearish Divergence MACD
Updated
If you have look at the daily chart you can see a clear hidden bearish divergence which is a trend continuation sign (confirming that we are still going down). It also forming on the simple RSI too.
On the MACD the lines arent crossed yet. We might move up to 9.5k and possible create a double top there then move down.
Yes we broke the bearish trendline, but it is not as significant as the fact that we also broke the longterm bullish trendline.
Target is still 5k as the fibonacci shows. Let the bulls to take their last breath and let's move down!
***It is NOT a financial advice. It is only my personal opinion***
Please leave a comment below and like it if you think it was helpful!
On the MACD the lines arent crossed yet. We might move up to 9.5k and possible create a double top there then move down.
Yes we broke the bearish trendline, but it is not as significant as the fact that we also broke the longterm bullish trendline.
Target is still 5k as the fibonacci shows. Let the bulls to take their last breath and let's move down!
***It is NOT a financial advice. It is only my personal opinion***
Please leave a comment below and like it if you think it was helpful!
Note
We broke a big resistance at 10k. Let's see if it's a false breakout or not. I keep being bearish.Note
We didn't close above 10k on the daily chart yesterday. Good sign!
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