WyckoffMode

Bearish Divergence in Lower TF's Do NOT Mean Significant Drop!

BITSTAMP:BTCUSD   Bitcoin
Yes, we may currently see bearish divergence in lower time frames. However DO NOT BE FOOLED into assuming this means we resume another bout of falling to a lower low to revisit $6k's again. WHY? Because of what we are seeing inside the indicators in higher time frames; such as the information I've shared in the 4-Day Time Frame in this publication. This current period of downward pressure we see in lower time frames will result in more of a TIME correction "rather than" a severe PRICE correction. I'll create a video publication in a few hours.

Here's a screenshot of the 4-Day TF once again in case the cover chart is scrunched up too much to see clearly what I intend to convey on the chart.

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