Bearish Divergence on Bitcoin's Monthly Timescale has been confirmed for several months now, looking back at 2014-15 & 2018's Bear Cycles we are currently in the Bull Trap Phase, where after the first leg lasts a few months, it attempts to make a recovery, usually a lower high then the previous all time high, where the oscillators reset and positions/leveraged trades accumulate before the next leg of the bear market begins
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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.