DavidJDM

BTC 15m Chart Parabola Breaking Down

Short
COINBASE:BTCUSD   Bitcoin
Looks like we just broke the parabola and had a retest which actually created a bearish divergence. If you look at the BTC market cap index chart, it looks like we also have a bearish divergence on the 1hr also breaking a bigger parabola. Could see a big move down very soon. I linked the other idea below.

Key levels we could have temporary bounces on are circled.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.