Bitcoin Double Bearish Divergence: the end must be near
Every end also marks a beginning.
I am not a fan of empty phrases but this works quite well the express that the end of the bear market might be very close and a new uptrend might start.
So mainly we have a double bearish divergence in the 240min set-up of Bitcoin/USD on Bitfinex.
We also have some resistance constituted by the bottom of a square of a simple Gann Square set-up.
Also, I noted that the BTCUSDSHORTS on Bitfinex showing the amount of shorts are high. I screenshot may follow.
Last but not least a candle stick analysis on a 60min set up shows that the supply wave looses in strength as expressed by the decreasing volume.
Don't let the operators fool you and as always, trade safe!
I am not a fan of empty phrases but this works quite well the express that the end of the bear market might be very close and a new uptrend might start.
So mainly we have a double bearish divergence in the 240min set-up of Bitcoin/USD on Bitfinex.
We also have some resistance constituted by the bottom of a square of a simple Gann Square set-up.
Also, I noted that the BTCUSDSHORTS on Bitfinex showing the amount of shorts are high. I screenshot may follow.
Last but not least a candle stick analysis on a 60min set up shows that the supply wave looses in strength as expressed by the decreasing volume.
Don't let the operators fool you and as always, trade safe!
Note
Candle Stick AnalysisNote
BTCUSDSHORTS were already falling by this point. 
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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.