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Bitcoin
Short

¿Bitcoin top?

By bagofXMR
Updated
we have bearish divergences in both macd and rsi in 4h, rsi bear divergence in daily, weekly rsi extremely overbought, the korea and japan premium vanished, 4h macd crossing bearish, daily macd turning down...
And the massive rising wedge breaking down.
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Some bearish charts:

DAILY:
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Trendline broken
RSI bearish divergence
StochRSI bearish crossover
MACD turning down

WEEKLY:
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Target one reached.
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Could we resume the move down here?
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I see 2100 almost guaranteed, and 1700 on the table.
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In the previous chart we have confirmed the RSI daily divergence, we have confirmed the MACD turning bearish (first time in over 3 months) and we have retested succesfully the broken trendline.
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The room and the "need" to go down that has this weekly MACD is scary.
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We were short 20 bucks of target. I manually closed 50% of remaining position.
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I'm expecting something like this
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Trade closed: target reached
+20% profit before leverage. Crazy profits with leverage.
Now we should bounce, it is what it would make sense.
Stay tuned for more ideas ;)
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To follow my insights and decission on this short consider following this idea
Bitcoin short round #2
bagofXMR

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