Bitcoin has been pushing up strongly since the start of the cup & handle in Oct-Nov of 2024.
But Bitcoin is showing weakness, where the bull flags you see on my chart are getting smaller the higher btc goes.
There is also negative divergence showing on my rsi, also signaling signs of weakness.
I do believe we are still bullish for now. But the first area to keep an eye on is between 133k-140k. If Bitcoin gets their I'll start to look for any shorting opportunities.
“Disclaimer: The information provided is NOT financial advice. I am not a financial adviser, accountant or the like. This information is purely from my own due diligence and an expression of my thoughts, my opinions based on my personal experiences, and the way I transact.
But Bitcoin is showing weakness, where the bull flags you see on my chart are getting smaller the higher btc goes.
There is also negative divergence showing on my rsi, also signaling signs of weakness.
I do believe we are still bullish for now. But the first area to keep an eye on is between 133k-140k. If Bitcoin gets their I'll start to look for any shorting opportunities.
“Disclaimer: The information provided is NOT financial advice. I am not a financial adviser, accountant or the like. This information is purely from my own due diligence and an expression of my thoughts, my opinions based on my personal experiences, and the way I transact.
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.
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.