Short Position: Price Action + Bearish divergence in RSI
In this analysis, we see that the price action show a bearihs reversal with the RSI bearish divergene in H1 and H4 timeframe. So, We could have this short posiiton. But the only that we would need to pending is this broken line, becuase if this bearish divergnece don't make a Bicoin go back to the $12,400 USD, we could see that Bitocin could to form a possible little-re-accumulation forming an simetric triangle. That could be a possible scenario that we would need to be prepare.
In H4 timeframe we see this situation that Bitcoin it's goes to down.
So, in the past analysis we see a fake signal, we see a bearhs divergence when Bitocin it's around of $11,700 USD, but the price action was not confirmed, but these is an example. Look: if we see a bearish divergence, that is the first, but the second point and the most important is to see a bearihs candlestick group as libelula doji, envolving bearish candlestick, bearihs hammer, or some kind of bearihs candlestick. That is important, the price action is the market languages. Don't recalll it. But, we see in h1 that Bitcoin turn bearish bcuase in the past days we see this big bearish candlestick in H1timeframe, and then, we see the confirmation to entry in short with two perspective. Bearish to the $12,400 USD for this support key of $12,400 USD or any formation of chartist pattern as I show it.
So, I entry in short!!!
In H4 timeframe we see this situation that Bitcoin it's goes to down.
So, in the past analysis we see a fake signal, we see a bearhs divergence when Bitocin it's around of $11,700 USD, but the price action was not confirmed, but these is an example. Look: if we see a bearish divergence, that is the first, but the second point and the most important is to see a bearihs candlestick group as libelula doji, envolving bearish candlestick, bearihs hammer, or some kind of bearihs candlestick. That is important, the price action is the market languages. Don't recalll it. But, we see in h1 that Bitcoin turn bearish bcuase in the past days we see this big bearish candlestick in H1timeframe, and then, we see the confirmation to entry in short with two perspective. Bearish to the $12,400 USD for this support key of $12,400 USD or any formation of chartist pattern as I show it.
So, I entry in short!!!
