rjchilia123

Bearish Divergence Bitcoin all the way out to monthly charts

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BITSTAMP:BTCUSD   Bitcoin
The Bear market rally could be coming to an end. The Fibonacci retracement of this bear market rally comes in at roughly 61.8 of 2017 bull market. It broke trend in July and has found support at 9300. 9300 is a buying opportunity until we close impulsively below 9300. Bitcoin has bearish divergence on monthly, weekly, and daily charts. The daily MACD just flashed the initial bearish indicator. I predicted the top back in June we have simply formed a top and extended bearish divergences. We are in a topping pattern until we cross below 9300.
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