Two divergences at the same time in #BTCUSD chart
#bitcoin has been proceeding in ascending channel. 2 divergences occured while #btc moves in LTF:
1- Hidden bullish RSI divergence (Green)
2- Regular bearish RSI divergence (Red)
Hidden divergence has been playing out after the bounce from ichimoku cloud and continuation is expected till the price reaches 69K or may be even 71K. Also there're great liquidations in these levels. If
BTC
claims 69 - 71K and liquidate shorts, then it's likely to be expected that bearish divergence may take the play with minor correction wave or even a dump. If price breakouts above 74K, bearish divergence will be postponed or invalidated, but ascending channel pattern will be secretly on the play.
NOT FINANCIAL ADVICE. DYOR.
1- Hidden bullish RSI divergence (Green)
2- Regular bearish RSI divergence (Red)
Hidden divergence has been playing out after the bounce from ichimoku cloud and continuation is expected till the price reaches 69K or may be even 71K. Also there're great liquidations in these levels. If
BTC
claims 69 - 71K and liquidate shorts, then it's likely to be expected that bearish divergence may take the play with minor correction wave or even a dump. If price breakouts above 74K, bearish divergence will be postponed or invalidated, but ascending channel pattern will be secretly on the play. NOT FINANCIAL ADVICE. DYOR.
