Bitcoin daily chart showing several bear signals
This chart shows several bearish signals on the BTC daily chart, and is meant to provide insight into possible (but not guaranteed) future price movements.
- It shows a rising wedge pattern, traditionally indicating a likelihood of a continuation of the previous trend (in this case: a downtrend).
- It shows a decrease in volume.
- It shows a bearish divergence on the RSI.
- It shows a bearish cross on the MACD.
Traditionally, these are all indicators of a bearish future trend, which can be used to speculate future price movements.
I hope my analysis was helpful.
- It shows a rising wedge pattern, traditionally indicating a likelihood of a continuation of the previous trend (in this case: a downtrend).
- It shows a decrease in volume.
- It shows a bearish divergence on the RSI.
- It shows a bearish cross on the MACD.
Traditionally, these are all indicators of a bearish future trend, which can be used to speculate future price movements.
I hope my analysis was helpful.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.