BTC Bearish Divergent RSI

20 ส.ค. 2021

BTC looks like it is forming a large head and shoulders on the daily chart, with the bottom at 29k. It looks like there is also another small head and shoulders forming now and we seem to be on the top of the right shoulder. Additionally, you can see some bearish RSI divergence going on. This is similar to the head and shoulders and bearish divergence that happened from October to May. Bullish confirmation above 50k. Right now, hedging longs and shorts, with money mostly in spot till a clear move past 50k.