A big move is coming and it's more likely to go down than up
What is telling us that the chances of going down are higher than the chances of going up?
- since the pivot from 5858, BTC has created a huge bear flag on the daily chart.
- on the daily chart Stoch RSI is very overbought.
- on the 12h, 8h and 6h chart we can see hidden bearish divergences on RSI.
Volatility hasn't been so low since feb 2017 so when BTC will start the new trend expect it to move fast and with shallow corrections for 25-30%.
- since the pivot from 5858, BTC has created a huge bear flag on the daily chart.
- on the daily chart Stoch RSI is very overbought.
- on the 12h, 8h and 6h chart we can see hidden bearish divergences on RSI.
Volatility hasn't been so low since feb 2017 so when BTC will start the new trend expect it to move fast and with shallow corrections for 25-30%.