Rounded structure on BTC PA bearish
We have a little upward rounded structure on the BTC price action, accompanied by a downward rounded structure on Volume.
Besides being a bearish divergence, rounded structures like this I have found to be especially reliable bearish indicators.
The curve signals buying power is increasingly losing strength, reaching a plateau at the pricepoint where it flattens out at the top, where it opens the door for selling power taking the upper hand.
For short-term traders a good opening for short positions, imo, as with the decrease in volume its hard to imagine a sudden buyers impulse at this point in the PA.
**as im writing this, I see a drop in price is already playing out. Could consider this as a confirmation**
Besides being a bearish divergence, rounded structures like this I have found to be especially reliable bearish indicators.
The curve signals buying power is increasingly losing strength, reaching a plateau at the pricepoint where it flattens out at the top, where it opens the door for selling power taking the upper hand.
For short-term traders a good opening for short positions, imo, as with the decrease in volume its hard to imagine a sudden buyers impulse at this point in the PA.
**as im writing this, I see a drop in price is already playing out. Could consider this as a confirmation**
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