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MinerChad

BTCUSD Weather Forecast; a Bearish rainy Memorial Day Weekend

Short
Bitcoin (COINBASE:BTCUSD)  
MinerChad  
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bearish Patterns bearsignal downtrend Ascending Channel Relative Strength Index (RSI) bearishdivergence 50ma 200ma
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trendanalysis chartpattern indicator bearish bearsignal downtrend ascendingchannel relativestrengthindex bearishdivergence 50ma 200ma
On the 4 hr chart, BTC has printed a Bear Flag or (ascending bearish wedge ), and also about to run into the converging 50MA & 200MA. It is testing the bottom of our 2.5 month long, ascending recovery channel, the RSI is showing us Bearish Divergence since about April 30th. We could easily retest 8200 and step down to 7700 & 7300.
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