The price formed a bearish takeover pattern on the 4H Timeframe and the wide range candlestick confirmed the boundaries of the resistance zone.
The BTC and RSI chart formed a bearish divergence (1H and 30m TFs) and the indicator itself returned to the bear zone.
I expect the price to fall when Bitcoin fixes below the lower resistance boundary.
The BTC and RSI chart formed a bearish divergence (1H and 30m TFs) and the indicator itself returned to the bear zone.
I expect the price to fall when Bitcoin fixes below the lower resistance boundary.
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Disclaimer
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.