MagnusTradingGroup
Short

Bearish divergence at key resistance level

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Volume and OBV are both not supporting the bullishness of this wave ( III )
We are likely to continue forming the wedge (in 5 waves ideally) on lower volume and break down right after.
Sell here and buy at the level of green support trend line .

For further analysis check out my other published charts that I linked bellow.

Cheers : ]

Comments

bravo
+2 Reply
Thanks Grandmaster Bear Alste ! : ]
+1 Reply
Good stuff.
+1 Reply
#TeamMagnus :D
+2 Reply
Nice work thank you sir. I just took this trade...

+1 Reply
looks decent ! :)
Reply
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