Currently we have several bearish signals :
- a great wave of Wolfe , bearish
- a very clear bearish MACD divergence
- a strong resistance area around $60K
- a regular increase in institutional short positions (COT report)
- a significant drop in volumes
- a huge bearish RSI divergence in weekly
- a MACD bearish cross in weekly
- regulations and taxes are in preparation
If a strong decline starts in the next few days, from my point of view there will be a real likelihood of a market reversal.
This publication is a trend hypothesis.
- a great wave of Wolfe , bearish
- a very clear bearish MACD divergence
- a strong resistance area around $60K
- a regular increase in institutional short positions (COT report)
- a significant drop in volumes
- a huge bearish RSI divergence in weekly
- a MACD bearish cross in weekly
- regulations and taxes are in preparation
If a strong decline starts in the next few days, from my point of view there will be a real likelihood of a market reversal.
This publication is a trend hypothesis.
Note
Trade active
Trade active
![[Bitcoin] bear market signals (update2)](https://s3.tradingview.com/w/wxo8vm7J_mid.png)
Trade closed: target reached
$37K reached
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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.
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.