what could be divergence on 2hour, fear incredibly high
Fear/Greed is at 11, very fearful.
We are exactly where I thought we would drop to support, but way faster than I expected. I expected some time at 10.6k, then to 10k with a clear bullish divergence at some point. I see what could be bullish divergence on the 2-hour, and the 4-hour is oversold. The daily still could drop some more on the MFI.
If we break below the wedge, which I will consider confirmed at 9.6k, I'll switch to short.
We are exactly where I thought we would drop to support, but way faster than I expected. I expected some time at 10.6k, then to 10k with a clear bullish divergence at some point. I see what could be bullish divergence on the 2-hour, and the 4-hour is oversold. The daily still could drop some more on the MFI.
If we break below the wedge, which I will consider confirmed at 9.6k, I'll switch to short.
Comment:
price did dip to 9.5k quickly but we're back to 10.4k now, support held.
fear greed oscillator.