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Bitcoin CME Futures
Short

BTC1! clear bearish div

By nagihatoum
Updated
rejection from the 4H 200ema, and price hit resistance of descending channel. Confirmation at the 4H candle close in 2 hours and a half.

BTC1! has been a leading indicator for BTC lately and has clearer patterns than BTC.
Comment
Bearish div was not confirmed but still possible. Change in trend is only confirmed with price retest of the 4H 200 ema and support not just closing above it.

snapshot
Comment
Bearish divergence formed

snapshot
BTCBitcoin FuturesBTCUSDChart PatternsGannTrend Analysis
nagihatoum
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