Quick Note:
Seeing a bearish divergence (in red), a small ascending wedge (thin black line), and a light breakout of the descending wedge. Arrows indicate my predicted price action over the next couple hours. I believe will test the bottom of this ascending wedge and create a small bear flag. This will break BTC out of the ascending wedge where we'll test for support at the top of the descending wedge's trendline.
Seeing a bearish divergence (in red), a small ascending wedge (thin black line), and a light breakout of the descending wedge. Arrows indicate my predicted price action over the next couple hours. I believe will test the bottom of this ascending wedge and create a small bear flag. This will break BTC out of the ascending wedge where we'll test for support at the top of the descending wedge's trendline.
Comment:
So selloff happened. Arrows 2 and 3 were definitely off, but those were simply speculative. As of now, I see a small bullish divergence on the 20m.