BTC giving bearish signals

10 mai 2021

1. Forming a rising wedge - if it occurs in a downtrend then it acts as a continuation pattern and in an uptrend its a reversal pattern.
2. Bearish divergence on RSI and MACD

Waiting for the confirmation if it breaks below the rising wedge, target of a dip is shown in the chart.

12 mai 2021

Note

So far, BTC is bearish, it got rejected from wedge's lower line.
There is a strong support at 53164, price could also bounce back from it. If it breaks below this level, then for sure BTC will meet the target mentioned in the chart

16 mai 2021

Note

That is amazing, it exactly reached the bearish target after breaking the wedge!