Short term #bitcoin 
BTC BTCUSD warning:
- price is retesting the 50-day moving average, which is now resistance since we broke it to the downside
- price is bumping into the average volume levels of this top
- there is no volume behind this push (there is a price/volume divergence)
- we formed a bearish head-and-shoulders pattern
- we didnt liquidate enough leveraged LONGs
Bitcoin cán ignore all this and just PUMP through but just keep it in mind. Happy trading! 🥸
BTC BTCUSD warning:- price is retesting the 50-day moving average, which is now resistance since we broke it to the downside
- price is bumping into the average volume levels of this top
- there is no volume behind this push (there is a price/volume divergence)
- we formed a bearish head-and-shoulders pattern
- we didnt liquidate enough leveraged LONGs
Bitcoin cán ignore all this and just PUMP through but just keep it in mind. Happy trading! 🥸
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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.