BITCOIN Will NOT Go Through The ROOF NOW -Expect BTC To Drop.... by
D4rkEnergY on
TradingView.com
HD4 will guide you as always - this time he will give you a signal. D4 cares about you, and want the best for you.
BTC-Bulls are fighting at the moment - they want to make that higher high and break that ascending triangle roof. I still don't think they manage to do so, and here are the reasons:
1. Take a look at the Regular Bearish Divergence - it's everywhere: MACD line, Histogram and RSI . It tells us, that down is more likely.
2. Even though the Market Sentiment is bullish , we have an increasing Global Market Cap, BTC dominance is dropping and everything looks good, I think the whales have another Stop Hunt plan, which will take us down.
3. Our Elliott Waves also match this scenario.
Comment: We are slowly dropping. Its looking better for the bears - We are now caught inside an ascending wedge with regular bearish divergence on RSI and MACD. This should mean, that we soon will go down.
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