BitcoinShort
BTCUSD 4h Bearish Divergence of Price vs. Momentum
Updated
There is a bearish divergence of price vs. momentum on the 4h BTCUSD chart.
The blue trendline was already broken to the downside, the MACD is about to cross the signal line to the downside and the linear-regression channel is going down too.
All of these could indicate a trend-reversal - a conservative profit-target would be the exact middle of the linear-regression channel at about $10500
The blue trendline was already broken to the downside, the MACD is about to cross the signal line to the downside and the linear-regression channel is going down too.
All of these could indicate a trend-reversal - a conservative profit-target would be the exact middle of the linear-regression channel at about $10500
Trade closed: target reached
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