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utkarshx27

$BTC Bearish Divergence

Bitcoin (BITSTAMP:BTCUSD)  
utkarshx27 Updated   
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns Technical Indicators BTCUSD cryptomarket Bitcoin (Cryptocurrency) bitcoinprice btcusdanalysis
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chartpattern indicator btcusd cryptomarket bitcoin bitcoinprice btcusdanalysis
In daily timeframe we can see there is a bearish divergence, which can drops bitcoin in 20000-19000$ range, if played out. Money flow index also in making head and shoulders pattern. We can expect a small leg up to complete H&S pattern and then dump in price. So guys trade carefully.

Not a financial advice
Trade at your own risk
Comment:
As I expected, $Bitcoin collapsed. What's next? Now, $19500 is a crucial support level where we may expect a bounce; if broken, $BTC might go as low as $17k. Personally, I have begun DCA $BTC in this range in spot. I'm also searching for swing trades and will keep you posted.

Not a financial advice
Trade at your own risk
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