BTCUSD - H4 - BEARISH DIVERGENCE (to be confirmed) !
High volatility and "rock and roll"... seen over the last 8 hours...
Mid Bollinger, leading support indicator, worked once again perfectly well on a closing level basis :-)
Last H4 candle on a closing basis triggered firstly a long white bullish candle..but secondly
also triggered a second RSI bearish divergences, calling for a greater caution.
In addition, a potential double top formation is also in progress !
Therefore, ongoing price action over the coming hours should be watch, as usual, very carefully
in screening scrupulously shorter time frames to detect validation or invalidation of a reversal.
Watch also closely the Lagging line !
Good luck and have a great week
All the best and take care
Ironman8848
Mid Bollinger, leading support indicator, worked once again perfectly well on a closing level basis :-)
Last H4 candle on a closing basis triggered firstly a long white bullish candle..but secondly
also triggered a second RSI bearish divergences, calling for a greater caution.
In addition, a potential double top formation is also in progress !
Therefore, ongoing price action over the coming hours should be watch, as usual, very carefully
in screening scrupulously shorter time frames to detect validation or invalidation of a reversal.
Watch also closely the Lagging line !
Good luck and have a great week
All the best and take care
Ironman8848
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.