Classic Bearish Divergence Forming!!!!!!
Might be too early to call this, but we have a textbook example of bearish divergence within this wedge that has been forming. We have reached a higher high, with a lower RSI value on the 4H.
Additionally, I don't have my volume indicator visible on the chart, but the previous 2 highs were reached with decent volume, whereas this high has weak volume.
All signs are pointing to a retracement, and IN MY OPINION, we could be seeing BTC pulling back to 6200-6300 at least.
Good luck,
Vik
Additionally, I don't have my volume indicator visible on the chart, but the previous 2 highs were reached with decent volume, whereas this high has weak volume.
All signs are pointing to a retracement, and IN MY OPINION, we could be seeing BTC pulling back to 6200-6300 at least.
Good luck,
Vik
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.