The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Red lines- short-term support trend lines
Blue lines- bearish RSI divergence
Bitcoin is trading around $38,288. Short-term trend remains bullish. Price continues making higher highs and higher lows. The RSI continues forming lower highs providing us with bearish divergence signals. The RSI suggests that the up trend is weakening. This of course is not a reversal signal. Only a warning. Traders need to be cautious as a pull back lower is imminent. A break below the short-term upward sloping red trend line will confirm the top and the start of the expected pull back. Until then, bulls remain in full control.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
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