Bitcoin - bearish divergence on charts
On the left hand side we have the hourly chart and on the right side we have the 4-hour chart.
Hourly chart shows
4-hour chart shows
To conclude - Stage looks set for a technical correction to 550-540 area in the short-run. On the higher side, an hourly close above 594 would signal continuation of the upmove.
Hourly chart shows
- Bearish price rsi divergence confirmed
- 50-MA and 100-MA bearish crossover could happen soon
- Channel has been established with support around 565 (also hourly 200-MA)
4-hour chart shows
- Bearish divergence confirmed, but... prices yet to see a bearish break from rising trend line support at 577.
To conclude - Stage looks set for a technical correction to 550-540 area in the short-run. On the higher side, an hourly close above 594 would signal continuation of the upmove.
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