BitcoinShort
Bearish divergence on BTC
Bitcoin is in a clear uptrend while the RSI is in a clear downtrend putting in lower highs. A medium term fib level of .618 is the teal line which could be a decent bounce region. I added two demand zones on the daily for supportive regions as well. The Bollinger band has been showing above moving average and riding the top since Oct 23. Volume is also way down from months ago. Without a catalyst other than Argentina's bullish president I think we are due for a correction here.
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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.