Bitcoin is TOP in ? (Looks like reversal is coming No. 2)

Hello dear followers,traders and newcomers nor bulls and bears.

In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local top because of many factors and indicators

You can see Bear divergence at the ATH (Indicators going down in overbought area & price going still up)
Previously you could see bull div near very strong support (Indicators going up in oversold area & price still down)

Now you can see bearish divergence forming in very high RSI range as well.

WARNING !! This might not be exact top yet !! This parabola could lead to 10-11,5K !!

But my thoughts are we are topping and we will head back to approx. 5K range to test that red line from ATH causing resistance if it can stay as support now in approx. 2months then sideways till November before going higher.





** This is not financial advice, so always trade on your own risk and do your own research first before putting your money in and risking them **

تعليق:

This is something very interesting. I´ve realized that Gold and BTC have literally the same trend. Check this out .. Im sure that it will shock you imgur.com/a/kWYJhHd

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Lot of indicators are topping on high time frame. This is dangerous area for sure for entry

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What looks scary is SI+Bands on 15Day chart

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What makes me feel better is monthly chart at which the bull trend literally just started. We might see a correction but long term this can break ATH till 2021