Bitcoin / TetherUSShort
[Bitcoin] BTC will relapse
Updated
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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