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Double Down? Let's Have Another Look!
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Double Down? Let's Have Another Look!
بواسطة AlanSantana
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١٢ أكتوبر ٢٠٢١
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١٢ أكتوبر ٢٠٢١
I am still not convinced...
Let me start by saying that I am the biggest bull, perma-bull, moonboy, lambo whatever or whatnot.
I am a strong Bitcoin supporter, fan, holder, promoter and everything 'YES Bitcoin!'
This last jump looks like a bear trap and Bitcoin might be ready to drop... Let's have a look at the signals:
1) Ethereum has been leading Bitcoin for quite a while but this time remained behind. When red instead of green.
2) See the MACD on this timeframe. Very strong bearish divergence, a strong bearish cross while trending lower:
3) Same with the RSI; bearish divergence. When we get this signal on both indicators it is stronger:
4) The current active candle is trading below EMA10 and EMA21.
This is a short-term analysis...
I am all for the upside.
I am a big Bitcoin holder but it looks like anytime now we can see a drop.
Let me know your views in the comments section, I know you have something to have about this call.
Namaste.
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Warning: Bitcoin Bearish Signal Just Came In... Going Lower!
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