Short

Bear-divergence on BTC

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Bear Div, looking for a tag of the 50EMA at the 1200-1300 area.

Simple set-up.

Nota

Just wanted to add, this was charted on the 1W, and should play out over the next few weeks.

Any over-extension from this level is a short opportunity.

Nota

RSI cracked hard, will look for a tag of the 100EMA around roughly the 1200-1250.

"Percocet, Molly Percocet" - Future

Nota

Lesson learned here, is to never bet against bitcoin.

Finding bear divergences using any technical indicator won't help. This is tulip mania on steroids.

We could be at a million dollars tomorrow.

GeorgeJimas

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