Bitcoin Analysis 4/16/22 Part 4 (2 Week Chart Bearish Formation)

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

NeutronMan

On the 2 Week chart, Bitcoin is in an Ascending Channel but the volume has been decreasing steadily since January 2021. This is typically a Bearish Market Structure. Also the RSI appears to be forming a Bearish Descending Triangle .

You might be interested in …

Trading View March 29, 2022

Bitcoin gong up short term

Bitcoin gong up short term Bitcoin / U.S. dollar BITSTAMP:BTCUSD azoeb52 Second week of Jun marks a major reversal potentially

Trading View March 25, 2022

BTC (Y22.P1.E14).Macro Continuation Pattern

BTC (Y22.P1.E14).Macro Continuation Pattern BTC/USD COINBASE:BTCUSD ssari Hi All, #BTC #Bitcoin Looking at the bigger picture, we can see currently its aligned with 2 scenarios or fractal . Back in the early days we have […]

Trading View June 4, 2022

BTC Small movement | Short Term

BTC Small movement | Short Term Bitcoin / Tether USD HUOBI:BTCUSDT MohammadNVB A small move, The downward trend continues… Once established in this area, we should be ready to test 28,400.