BTC/USD - Divergence with retrace to 7300
Updated
After this last rally, bearish divergence is fully matured and developed across all indicators.
1. PPO is bearish
2. Volume is decreasing as price rises (sign of weakness)
3. RSI is diverging
4. MACD is pointing down and bearish
5. CCI is diverging bearish
We might start to see a correction after a last weak push towards 8300+
A first retarace can bring us down to 7700 with a continuation towards 7500/7300 level here we find the only first solid support in the chart.
Trade safe.
1. PPO is bearish
2. Volume is decreasing as price rises (sign of weakness)
3. RSI is diverging
4. MACD is pointing down and bearish
5. CCI is diverging bearish
We might start to see a correction after a last weak push towards 8300+
A first retarace can bring us down to 7700 with a continuation towards 7500/7300 level here we find the only first solid support in the chart.
Trade safe.
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