BCH bearish divergence and failed to close above cloud

7 במאי 2018

On daily time frame yesterday candle didn't close above the cloud proving a failed rally
We also have a lower volume and a Regular bear divergence suggesting us to short

7 במאי 2018

הערה

Same with the BCHUSD pair
Bull strength is weakening

7 במאי 2018

הערה

While looking at the past rallies of BCHUSD pair
we see that bch showed the same behavior, low volume - higher price - momentum decreasing
This is a recipe of a bearish trend

7 במאי 2018

הערה

7 במאי 2018

הערה

I forgot to put the chart in the first comment where i talk about BCHUSD pair
Here it is

7 במאי 2018

הערה

Shorted BCH here at 0.174 with a tight stop loss
Let's see what happens