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XBTUSD - Very bearish short term

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  • Shorting volume has been on the rise in the past three hours
  • RSI downtrending with no sign of a reversal
  • MACD crossover very unlikely
  • Crossunders on the EMAs


The faster MACD (EMAX Histogram) looks like there may be a dead cat bounce before the final drop. It can also indicate an underlying reversal trend, but when the indicators are this bearish it seems to be a mistake.
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Bitcoin (Cryptocurrency)bitcoinforecastChart PatternsTechnical IndicatorsTrend AnalysisxbtxbtshortXBTUSDxbtusdshort

My published indicators: tradingview.com/u/NeoButane/

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