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Bitcoin
Short
Updated

BTC Bearish divergence + Diamond formation !

533
Sideway price action or new higher price (breakout) diamond formation
+ declining oscillator = BEARISH !
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Powerful !!
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RSI seems to behave similar as previous 2017 bull run !
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We are in an interesting position for sure ! RSI vs Fractal !
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I would put the odds more on long as the bullish part previous 2017 (RSI) seems more compact and consistent then the fractal ....
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Keeping a close eye on the RSI !
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TiDu1981
bearishdivergenceBTCUSDChart PatternsCryptocurrencydiamondpatternHarmonic PatternsIDEATrend Analysis

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bearishdivergenceBTCUSDChart PatternsCryptocurrencydiamondpatternHarmonic PatternsIDEATrend Analysis
TiDu1981

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.