MATRIXchartings

Bearish divergence on BTC

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BINANCE:BTCUSDT   Bitcoin / TetherUS
You can see that there is a solid bearish divergence on daily chart and it looks like we are slowly loosing the momentum. You can see the same divergence patterns in Dot, Eth, Ltc and so on..

I feel like it's time for a correction but keep in mind that charts doesn't give us everything because it can be pumped or dumped by whales.

Over all look is bearish on higher time frames.
Share your thoughts in the comments

Regards,

Comments

thats a bullish divergence mate
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good analysis
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Correct me if i am wrong, isn't that considered as hidden bullish divergence
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EraHCS RaffayKhan
@RaffayKhan, it is bullish yeh OP is wrong. but if you look at the highs there was also a bearish divergence. so mixed signals, sideways at this level is likely, build some volume around 20k, drop is also likely and healthy.
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This is just nothing but a beartrap! BTC will go to 23000+ within 31st December! 50000+ within 2021
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agree
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Not sure mate
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MATRIXchartings TRADESBYZION
@TRADESBYZION okey ✌🏽
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