MisterMoTA

5 Days Donchian Channels and RSI rejections

BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
At 5 days BTC was falling from last 31867 swing high to 24546 swing low after the bearish divergence was confirmed, now we have a double hidden bullish divergence, not as strong as a regular bullish divergence, so price went up and for now was rejected at the middle of Donchian Channels and price is back under 28230.

Rsi at 5 days is at 51.47 almost flat ... for now ... but continuation is a must if bulls want to take advantage of this push up, also depending on stocks too if will see next week maybe a bounce from NAS and SPX nd top for DXY...


Until next week we'll keep the eyes on rsi to see if get back under 50 line or will continue to ascend in the next sessions.


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