Looking at BTC on the daily chart
* Rsi over bought and bearish divergence in play
* Willy is stupidly over bought and embedded
* Bearish divergence in the histogram but it hasn't confirmed yet
* OBV still looks healthy and making HH
* Volume impetus showing us bearish divergence in a 3 wave move. All it will take is the bears to step in and drive the bus.
* POC sitting at the .786 fib
* Big gap in VPVR towards the RLZ
* Just needs some sort of structure in price to make a decision to go short.
As price is still making higher highs we could still see a continuation of that move upwards. Looking at this current range we have come to a few stop signs. We've come into resistance between the 618 and 786, internal indicators showing us over bought conditions and bearish divergence. All I need is a M top and structural failure in price to make a decision to go short.
If you like what I do, drop a comment, tell me what you think and don't forget to like and subscribing. Thanks :)
* Rsi over bought and bearish divergence in play
* Willy is stupidly over bought and embedded
* Bearish divergence in the histogram but it hasn't confirmed yet
* OBV still looks healthy and making HH
* Volume impetus showing us bearish divergence in a 3 wave move. All it will take is the bears to step in and drive the bus.
* POC sitting at the .786 fib
* Big gap in VPVR towards the RLZ
* Just needs some sort of structure in price to make a decision to go short.
As price is still making higher highs we could still see a continuation of that move upwards. Looking at this current range we have come to a few stop signs. We've come into resistance between the 618 and 786, internal indicators showing us over bought conditions and bearish divergence. All I need is a M top and structural failure in price to make a decision to go short.
If you like what I do, drop a comment, tell me what you think and don't forget to like and subscribing. Thanks :)