LiuTrader

Bitcoin losing momentum? Bear signals begin to appear intraday!

Short
LiuTrader Updated   
BITMEX:XBTUSD.P   Bitcoin
XBTUSD.P
BTCUSD
BTCUSD
BTCUSD
BTCUSD

On the 1H chart, bitcoin appears to have been a double top.

RSI, MACD and OBV demonstrate that the bears are dominating the action in the last 3 days. The 3 oscillators are in a strong downtrend.

RSI passed below the balance line (50).

MACD crossed below 0.

20MA crossing down 50MA and both pointing down.

I Believe that we should see a strong drop in the next few hours / days.

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God bless.
Trade closed: stop reached
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