Only open a short if price is above 39900 and RSI is lower than last peak, indicating a bearish divergence. Is only a safe set up for a short. Stop loss should be place around ~40,900 and target 36,500. If price breaks the bottom of the pennant short it too.
Bitcoin Monthly looks interesting Bitcoin / U. S. Dollar KRAKEN:BTCUSD IslandJOB A very basic monthly look at Bitcoin . I may be wrong but isn’t that a classic “Bearish Divergence” on the RSI?
Not looking good Bitcoin / TetherUS BINANCE:BTCUSDT Mito91 As we see a third rejection on the trendline , We shall see a retracement to 38.1k . Situation kinda tricky right now and market making parabolic […]
