Bearish Divergence Signals Trouble for Bitcoin’s Election Night Rally

Bitcoin’s three-year advance may be rolling over, according to Chartered Market Technician Tony Severino, who argues that BTC has now completed a “triple bearish divergence” on higher timeframes – a structure he characterises as the trend “dying under the hood” even as price printed fresh highs. Bitcoin Has Hit A Triple Bearish Divergence In a video published on November 24 and shared on X, Severino says he had to go beyond standard references to formalise the pattern. “I really never heard that statement before,” he admits of the term triple negative divergence. “There wasn’t a lot of....

The positivity in the Bitcoin market leading up to the US Presidential election was warranted in our opinion, as is the consolidation the market is currently ranging within. While we are relatively neutral on the market for the time being, our long term bias remains bullish. Following what ended up being a surprise Trump win in the U.S. elections last week, the price of Bitcoin continued its upward move that night, however, has been on a downward trajectory ever since. From a fundamental perspective, we believe much of this slide has to do with “buy the rumor, sell the news” traders taking....

In a shocking turnaround, Solana, which recently achieved a new all-time high nearly 3 months ago, has experienced a significant shakedown after making history. With SOL’s price facing significant volatility, concerns about an extended decline continue as the altcoin navigates a massive bearish divergence. Massive Bearish Divergence Threatens Solana’s Price  A worrying trend has been […]

Yearn Finance’s governance token YFI was trading lower on Wednesday as its short-term charts warned about a growing bearish divergence. Yearn Finance's bearish divergence, as spotted by Calm Trader. Source: YFIUSD on TradingView.com The said oscillator, first spotted by a pseudonymous analyst, showed the YFI price moving upward against a falling Relative Strength Indicator. Traders […]

The US election is fast approaching, with voters set to cast the final votes in the next 48 hours. This election season has seen a unique focus on the crypto industry, as the two major candidates, Kamala Harris and Donald Trump, have addressed the future of digital assets as a key campaign point. Related Reading: […]