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Bitcoin 4H Bearish Divergence

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD 4H is now showing strong bearish divergence with the MACD , RSI , and STOCH .
A drop can potentially take place here.

Watch out for a close below $15400-$1550 on this timeframe as well as EMA50 as support.

Additional info on the chart.

Namaste.
Comment: The Bitcoin bulls are now back in the lead.

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Comments

True. A divergence against a solid trend rarely plays out as hoped. i.e. is unreliable.
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alanmasters innocentAccoun35113
@innocentAccoun35113, Thanks for letting me know, I will keep it in mind for the future.
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I dont care how profession you are at trading to short btc right now is madness.
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