Hi Everyone,
Just a simple observation of hidden bearish divergence showing up in BTC on the 4h chart. Alt coins are doing much better that BTC and if a sell off ensues in BTC, alts will follow. I expect it will not take too long as we are at the top of the resistance channel. EMA100 will be the next conquest if BTC wants to fly higher.
As always, in crypto, with the manipulation we see very often, nothing is certain. From a pure technical perspective, we should be going down soon.
Good luck.
Just a simple observation of hidden bearish divergence showing up in BTC on the 4h chart. Alt coins are doing much better that BTC and if a sell off ensues in BTC, alts will follow. I expect it will not take too long as we are at the top of the resistance channel. EMA100 will be the next conquest if BTC wants to fly higher.
As always, in crypto, with the manipulation we see very often, nothing is certain. From a pure technical perspective, we should be going down soon.
Good luck.