BTCUSD Weather Forecast; a Bearish rainy Memorial Day Weekend

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비트코인 (COINBASE:BTCUSD)

COINBASE:BTCUSD 비트코인

trendanalysis chartpattern indicator bearish bearsignal downtrend ascendingchannel relativestrengthindex bearishdivergence 50ma 200ma

On the 4 hr chart, BTC has printed a Bear Flag or (ascending bearish wedge ), and also about to run into the converging 50MA & 200MA. It is testing the bottom of our 2.5 month long, ascending recovery channel, the RSI is showing us Bearish Divergence since about April 30th. We could easily retest 8200 and step down to 7700 & 7300.