BitcoinShort
Finally a pullback?
Potential bear divergence forming.
Posting this now to revisit in approx.48 hours.
The problem here is such a bear div leads to a lower low....
So if this does get confirmed.... oh boy oh boy....
If we continue upwards, let's hope that the fisher also makes a HH.
Right now, I am calling a short. No opened positions until i get better confirmation. LOTS of resistance around the 7800 range. A fail of that level will result in a short. A break will lead to the low 8k range.
Posting this now to revisit in approx.48 hours.
The problem here is such a bear div leads to a lower low....
So if this does get confirmed.... oh boy oh boy....
If we continue upwards, let's hope that the fisher also makes a HH.
Right now, I am calling a short. No opened positions until i get better confirmation. LOTS of resistance around the 7800 range. A fail of that level will result in a short. A break will lead to the low 8k range.
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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.