Stoch RSI bearish crossover and with enough room to go down.
RSI and MACD hidden bear divergences
Strong resistance zone of the last few months holding strong.
RSI and MACD hidden bear divergences
Strong resistance zone of the last few months holding strong.
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The strong reversal zone tested +6 times is also coupled with MA's resistances, as you can see in the image.
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BTW, stop loss above aqua trendline
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Above 2610 shorting makes no sense imo.
daily MACD bullish crossover, head and shoulders completed with 2900 target, strong reversal zone destroyed, 2610 resistance broken, back above pink trendline...
This could be the potential bull trap before the capitulation but too risky to short now imo, i will wait to see bulls weakness going below 2610
This could be the potential bull trap before the capitulation but too risky to short now imo, i will wait to see bulls weakness going below 2610
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The head and shoulders btw, is not completely valid. The volume pattern doesnt match at all (head should have lower volume than left shoulder and breakout should have bigger volume than both head and left shoulder) but as cryptotraders dont care about this it could be a self fulfillinf procephy, so worth mentioning imo.
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it changed quite a bit in 10 minutes.
THIS IS BITCOIN!!!! LOL
THIS IS BITCOIN!!!! LOL
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Oh, btw, someone just recalled me of this:
could be this the epic bulltrap in a silver fashion?
