BTC: The daily chart here is definately attempting a break, break in 2 parts, one is happening on rSI, which actually has happened on one type of trendline and not yet happened the other, and the other one the price side.. Remember, THIS BREAK IS LEGIT only if
- FVGs are created from the 99500 wala top till whatever top we are hitting in this swing before coming back to a retest
- we are trading above 102700 when the monday opens..
Now why do we have these two constraints placed on charts? Thats because FVGs trigger fomo into the market, and break of 102700 will make sure that a sustainable support can be printed on chart when/if chart comes down to retest it.
for the 4h chart...
The divergence of USDT.d is pretty clearly being copied here, as well as pirice is at an equal high and OB resistance. Moving forward, flpping the resistance with a volume candle make that divergene expire.
Now even tho it seems like the divergence is not there, it is there, it can get confirmed with a red candle, now it is not fair k wo thori weak lag ri to ham consider hi na krein, we gotta at least consider its existance, and matter of fact, it supports our bullish narrative as well, iff the divergence is gone expired that supports the bullish stance and turns those shorts closings into our favor.
Next week is very important in the History of Crypto and in the world economics as well. Be prepared.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.