BTCUSD in a case of a massive stock market collapse will break 500$ and cloud swing to 660-700$ high.
Head and Shoulder Formed in MFI Which Signals Moving Down, it Also Shows a Bearish Divergence, and The Last It was at This Level was the Previous ATH. MACD is About to Cross Down. While I Remain Bullish in Longterm as Always, I'm Bearish for Now Because if it Wants to go Higher from Here it has to Gain Momentum Which Obviously Doesn't Have it for Now
Bitcoin indeed needs more time to consolidate & correct the sharp rise during autumn.. My ascending triangle was too optimistic. I adjusted the triangle. The 200-MA is rising and will need to create a floor below the prices before Bitcoin can move on and breakout above $500.. Super critical support around $320-$300. I don't want to see this zone being broken on a...
Bearish Divergences Are All Over the Place, and My Guess is Going Downward Unfortunately
Also another sell setup 1. price has come to previous structure and shown a huge bearish candle 2. price put in a bearish engulfing candle 3 price is downtrending 4.previous candle was a doji on the daily previous candle was a bearish hammer sign of more sellers in the market :)
I have no stop for bitcoin because I will either react if something does not look right (190 or less) or essentially have it at zero.
Bitcoin review & exceptions going forward with focus on market structure zones.