Current $BTC price is over-extended and waiting for a correction/reversal really strongly.
I'm showing this in 4 hour chart but you can find the same candle patterns(hanging man) in 6, 8 and 12 hour time frames as well.
But at 4 hour chart we have 2 hanging man candles followed by a shooting star, now all you have to do is to check if the next candle is going to close below the body of this last one.
I think it will because there're 10 hidden divergences formed right at this candle indicating that the price is not compatible with these 10 different indicators.
If all of these play out I expect a retrace back to $52500
So check out this next candle(current one just opened) and take your position accordingly.
I'm showing this in 4 hour chart but you can find the same candle patterns(hanging man) in 6, 8 and 12 hour time frames as well.
But at 4 hour chart we have 2 hanging man candles followed by a shooting star, now all you have to do is to check if the next candle is going to close below the body of this last one.
I think it will because there're 10 hidden divergences formed right at this candle indicating that the price is not compatible with these 10 different indicators.
If all of these play out I expect a retrace back to $52500
So check out this next candle(current one just opened) and take your position accordingly.