BTC/USD Bearish Divergence Sighted

23 ביולי 2018

I have spotted a strong bearish divergence on these recent upward impulses of Bitcoin as seen using the RSI line and the price movement. I expect to see some red and a very nice pullback coming soon. This is supported by declining volume and a significant increase in the number of longs open vs shorts. Prepare for the pullback folks, happy trading!