Bitcoin, signs of weakening
Bitcoin are showing signs of weakening.
1.RSI are poiting down, and btc growing price. Possibility of Diverging RSI.
2.Bitcoin are loosing vol. That's mean the main trend are loosing strength. Technically by the books thats mean the trend are wrong, people are not interessed at that price.
3.Bitcoin broke a triangle at 60k and should be flying 30% right now, but is not.
4.Bitcoin are performing an rising wedge, that pattern has fail rating of 6% (if confirmed breaking the bellow trendline) with objetive on 33% of fall.
Positive OBS. We know that vol can be low cause people are trading altcoins, btc are loosing marketshare.
Just be aware.
1.RSI are poiting down, and btc growing price. Possibility of Diverging RSI.
2.Bitcoin are loosing vol. That's mean the main trend are loosing strength. Technically by the books thats mean the trend are wrong, people are not interessed at that price.
3.Bitcoin broke a triangle at 60k and should be flying 30% right now, but is not.
4.Bitcoin are performing an rising wedge, that pattern has fail rating of 6% (if confirmed breaking the bellow trendline) with objetive on 33% of fall.
Positive OBS. We know that vol can be low cause people are trading altcoins, btc are loosing marketshare.
Just be aware.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.