$BTC Weekly Bearish Divergence is Screaming!BTC has been moving up nicely on the weekly, no doubt. But right now, it’s literally sitting on a major trendline support. I mean, this is make-or-break territory. If we lose this level and drop below $109K, I’m telling you — it could flush straight down to $95K–$90K. That’s a clean gap zone, no real structure there.
And here’s what’s bugging me — RSI is throwing up a bearish divergence, and the Stochastic RSI is also screaming the same thing. Just waiting on that MACD crossover confirmation... if that happens and the trendline breaks, this thing might not even wait for a proper retest. Could dump hard.
I’m not buying the $150K narratives right now. Personally, I don’t see it going past $125K in this cycle unless something wild happens.
Keeping it real — this is the level I’m watching like a hawk. If we break, strap in.
Stocastic
Morning Star Pattern in Reliance Inds.After a week of sharp fall reliance inds is showing support and a morning star type candle stick pattern has been formed. if price sustains above previous high i.e. 2122.65, it will confirm the candlestick pattern. This can cause a short term rise for 5-7% .Stocastic is also showing oversold signal.
ACC (Short Candidate) - May see 1500-1480-1440ACC resisted the upper trendline and has fallen from 1580 Levels and broke 0.5 Fibonacchi Support. Can be shorted below 1520 for 1500/1480/1440. SL - 1535
Please consider following reasons -
1. Trend Line
2. Bearish candle on Daily Chart
3. Negative Result
4. Poor market sentiment