BTCUSD - Bearish Dimond Forming?

Last night we spotted a bearish divergence on the hourly chart and the pattern broke down more than 4% almost immediately. We are currently eying a potential bearish diamond in the mid-term, signifying a trend reversal. If this pattern breaks down, our next support is at the monthly close, low 9K region.

Let us know if you like this type of quick real-time analysis.

Cheers and happy trading :)

Trade closed: target reached:

And the SHORT is now Closed :)