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Bitcoin Inverted H & S
BTCUSD
, 1D
BTCUSD: Bitcoin Inverted H & S
Updated 

Hello everyone. On the right hand chart (3d), bitcoin is making a push toward the red resistance line. The stochastic RSI looks strong, supporting more upwards movement. A break of the red line would indicate that the current downtrend (since Dec 17th) is over, and we are looking at brighter days ahead. However, since the current bull run indicated by the support...

Bearish Divergence
BTCUSD
, 240
BTCUSD: Bearish Divergence
Updated 

Hi everyone, Bitcoin has been trading in the channel bordered by the dashed green lines, and today it hit the red resistance line (Resistance drew from the 20k high). As you can see by the yellow line, it made a bearish divergence in the 4hr, while also going out of scope of the bollinger bands. I think this current move is over, and if it breaks the green...

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