[Bitcoin] BTC will relapse
BTC will strongly relapse this week.
Current bearish factors :
- a large bearish flag
- a strong MACD divergence
- a huge RSI divergence
- a steady increase in institutional short positions (COT report)
- a significant drop in volumes in recent months
- a weekly bearish MACD cross
- a death cross in progress
- the great powers want to regulate the market
This publication is a trend hypothesis.
Current bearish factors :
- a large bearish flag
- a strong MACD divergence
- a huge RSI divergence
- a steady increase in institutional short positions (COT report)
- a significant drop in volumes in recent months
- a weekly bearish MACD cross
- a death cross in progress
- the great powers want to regulate the market
This publication is a trend hypothesis.
Note
In TF2h I see that the current technical rebound corresponds well to the expected result for a small bullish divergence in a downward configuration. IMO it's a real bulltrap.Trade closed manually
![[Bitcoin] The decline will continue ...](https://s3.tradingview.com/9/9IMQRvxl_mid.png)
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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.
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.