Bitcoin Weekly Bearish Signals. Likely to go lower
[Support post, I will post another post with more Bearish Signals. This chart will be in the comments. ]
Today I will show some weekly Analysis which is showing many Bearish signals.
Firstly the RSI has a weekly bearish Divergence. This is a bearish indicator as we are likely to move lower. (Marked by purple arrows )
Secondly There is a bearish engulfing candle which indicates bearish momentum (Indicated by green arrow), you can find more about the pattern here: https://www.investopedia.com/terms/b/bearishengulfingp.asp
Today I will show some weekly Analysis which is showing many Bearish signals.
Firstly the RSI has a weekly bearish Divergence. This is a bearish indicator as we are likely to move lower. (Marked by purple arrows )
Secondly There is a bearish engulfing candle which indicates bearish momentum (Indicated by green arrow), you can find more about the pattern here: https://www.investopedia.com/terms/b/bearishengulfingp.asp
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