Bitcoin Double Bearish Divergence: the end must be near
Every end also marks a beginning.
I am not a fan of empty phrases but this works quite well the express that the end of the bear market might be very close and a new uptrend might start.
So mainly we have a double bearish divergence in the 240min set-up of Bitcoin/USD on Bitfinex.
We also have some resistance constituted by the bottom of a square of a simple Gann Square set-up.
Also, I noted that the BTCUSDSHORTS on Bitfinex showing the amount of shorts are high. I screenshot may follow.
Last but not least a candle stick analysis on a 60min set up shows that the supply wave looses in strength as expressed by the decreasing volume.
Don't let the operators fool you and as always, trade safe!
I am not a fan of empty phrases but this works quite well the express that the end of the bear market might be very close and a new uptrend might start.
So mainly we have a double bearish divergence in the 240min set-up of Bitcoin/USD on Bitfinex.
We also have some resistance constituted by the bottom of a square of a simple Gann Square set-up.
Also, I noted that the BTCUSDSHORTS on Bitfinex showing the amount of shorts are high. I screenshot may follow.
Last but not least a candle stick analysis on a 60min set up shows that the supply wave looses in strength as expressed by the decreasing volume.
Don't let the operators fool you and as always, trade safe!
Note
Candle Stick AnalysisNote
BTCUSDSHORTS were already falling by this point. 
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.