BTCUSD Bearish Divergence on 1H
Updated
Bearish divergence on the 1 hour BTCUSD chart using Stoch RSI. Price target based off of fib fan/fib retracements. Waiting for break out down through the fib fan line, then price target 11.3k - 11.2k.
Note
Update - Dipped but didn't quite hit my target. Mean reversion (bollinger bands) instead. There's some consolidation right now before (hopefully) a breakout up. Would be waiting for decent volume and a breakout past 11.6k-11.7k to confirm, then 11.85k-11.9k for target.
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