This is a Part 2 to the original chart i made a little while back, this time focusing on monthly timescale closing prices (not including wicks) and when looking at it this way the potential bearish divergence becomes much clearer than on the candlestick charts
The start of the next massive bitcoin crash could start any day now if this confirms
The start of the next massive bitcoin crash could start any day now if this confirms
Note
the bearish argument is building fast for bitcoin, bearish div on the monthly, waning positive macd on the weekly, head & shoulders on the daily & weekly, showing signs of buyer exhaustion, and the final nail in the coffin is a hanging man on the weekly
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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.