The-Crypto-Daddy

Btc bearish divergence

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COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Unpopular opinion of the day. Bitcoin is forming (unconfirmed) a pretty monster bear div on the 4 hour. Wouldn’t be surprised to see a drop back to previous support near high 19s low 20s... in my opinion a drop there followed by accumulation would lead to a nice alt pop. Good luck y’all!

Comments

Could you break it down with indicators , for educational purposes?
+1 Reply
@Mahoneyyy what your looking for is the candle to close near to where it is now and the next candle to be a sharp selling candle which would spike RSI to the downside (this is your bearish divergence confirmation). Does this make sense?
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Mahoneyyy The-Crypto-Daddy
@The-Crypto-Daddy, Thanks a lot for the answer, appreciate it! :)
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ah I also thinking it bear divergence
+1 Reply
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