BTC looking like it might make another bull run in the next few hours. The bearish candles are getting smaller as it looks to be losing momentum. The 200 day moving average looks like it held well today just around 7883.
Hidden Bullish Divergence on the 4 Hour as well
Might take a long position here shortly
(BTC curently at 8048)
Comment:
Price Jumped to about 8130 within about 12 hours, Bearish divergence on the 1 day ultimately brought the price down. Bullish Divergences may only be valid shorter term.