Bitcoin
Short

BTCUSD: More Bearish Price Action... $6K Retest

487
Bitcoin is forming a symmetrical triangle in a downtrend with decreasing volume. There is a formed hidden bearish divergence on the RSI. I expect one more wave inside the triangle (and a possible bull trap) which will be a good opportunity to enter a leveraged short position with a high R/R.

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.