The falling wedge can be seen on timeframes up to the 4hour. We would expect this to break to the downside. the white line on BTC and the RSI shows the original bearish divergence that shows us the reversal of the trend to now bearish; this has been bullish since we printed a bullish divergence on the daily on the 22nd of NOV. The yellow line on both BTC and the RSI displays the hidden bearish divergence which continued to bring us down. Circled in blue is a perfect example of stop loss hunting this is real and if you can learn to master a good entry a tight SL will/should not be needed. the RSI is a very powerful indicator; when the RSI and chart are showing different things this either means trend continuation or reversal and learning to understand how the smaller timeframes affect an ultimately paint the bigger picture will help you get a natural feel and sense of the market. The biggest error I see is people over complicating things or believing in an all indicator. Nothing will work without the time and dedication. I am watching and learning, Hope this analysis helps somebody. Good luck on your crypto journey. INCOG420
Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade