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hungoverr
Sep 8, 2021 5:23 PM

Bitcoin bear flag 

Bitcoin / TetherUSBinance

Description

Bear flagging on the hourly.
38k looking like a reality, however, I am seeing bullish divergence on the RSI indicated by the blue line.

If this flag plays out, around 38k support level is where we begin our march to new ath's.

Probably.
Comments
JordanDrapeau
Lower highs on the price action and higher highs on the RSI = hidden bearish divergence.
hungoverr
@JordanDrapeau I thought it meant that even though it's making lower highs, it's doing so with more buying momentum, meaning it's a bullish sign.
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