Double Down? Let's Have Another Look!

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.

Bình luận:

To be fair though to my beloved Bitcoin bulls, these bearish signals are only present at this very short-term timeframe, 1h/2h.

The daily timeframe we are bullish above EMA10 and all other indicators.
EMA10 is at $53,550 daily.

The weekly timeframe is also above EMA10.
EMA10 weekly is set at $48965.

These bearish signals are available here short-term.
Don't lose the bigger picture/perspective.

Yet, we are still going lower.

PREPARE!

Thanks a lot for your continued support.

Bình luận:

Boom! Checkout the new analysis... It is live now.
Just click/tap my username to get it. @alansantana