We have a little upward rounded structure on the BTC price action, accompanied by a downward rounded structure on Volume.
Besides being a bearish divergence, rounded structures like this I have found to be especially reliable bearish indicators.
The curve signals buying power is increasingly losing strength, reaching a plateau at the pricepoint where it flattens out at the top, where it opens the door for selling power taking the upper hand.
For short-term traders a good opening for short positions, imo, as with the decrease in volume its hard to imagine a sudden buyers impulse at this point in the PA.
**as im writing this, I see a drop in price is already playing out. Could consider this as a confirmation**
Besides being a bearish divergence, rounded structures like this I have found to be especially reliable bearish indicators.
The curve signals buying power is increasingly losing strength, reaching a plateau at the pricepoint where it flattens out at the top, where it opens the door for selling power taking the upper hand.
For short-term traders a good opening for short positions, imo, as with the decrease in volume its hard to imagine a sudden buyers impulse at this point in the PA.
**as im writing this, I see a drop in price is already playing out. Could consider this as a confirmation**
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.