btcusd Crypto Bear market with Bull trap with bitcoin top at 80k
Bear Divergence is Forming on bitcoin RSI as well open interests are at crucial point.
All looks very similar to November 2021 with bear market all 2022 year long.
High volume is needed - inflow of fresh money without price going too high and too quickly then the bear div will be invalidated.
But where from all that fresh money must come from in world economies entering recession.
November will show.
All looks very similar to November 2021 with bear market all 2022 year long.
High volume is needed - inflow of fresh money without price going too high and too quickly then the bear div will be invalidated.
But where from all that fresh money must come from in world economies entering recession.
November will show.
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Related publications
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.