Hidden Bearish divergence ?
Updated
Simply put, Bitcoin is setting a higher high on the RSI while the price is setting a LH.
Unless BTC manages to break the price above with a matching HH, then expect a dump triggered by a Hidden Bearish Divergence.
Unless BTC manages to break the price above with a matching HH, then expect a dump triggered by a Hidden Bearish Divergence.
Note
Eyes on the 4H RSI as it has set a HH, while BTC price still struggles to set a HH. A 47k 4H candle close will invalidate the Hidden Bearish Divergence, otherwise it remain in play.Order cancelled
Bitcoin closed the 4H chart price above 47k, providing a HH on both the RSI and PA invalidating the Hidden Bearish Divergence.
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