BTC Short

بواسطة psangui
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Why?
1. 4H shows RSI bearish divergence.
2. According to that gann square, it's between 4th and 5th arcs and it's shown a lot of resistance.
3. There's a head and shoulders on the making.
4. Volume is getting lower which may indicate that the bull run is coming to an end.
5. There's a lower high which retested 6k.
6. Daily MACD crossed down and RSI is overvalued.
تعليق
7. There's a dead cross in the 1h using MA 200 and MA 50. BTC didn't recover for a while after that happened in july, 25 and sept, 08.
تعليق
s3.amazonaws.com/tradingview/snapshots/h/H2LvRU8I.png
تعليق
My bad, I was using MA not EMA. :P
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s3.amazonaws.com/tradingview/snapshots/a/aUvaOlhV.png
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Arc 5 is like a magnet.
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BTCshortTrend Analysis

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