BITCOIN: When you're in the fog...(Ichimoku+RSI)
Hello, everyone!
H4
On D1, the cloud is directing upward, indicating an uptrend.
It should be noted that the RSI is above the oversold level (70) and is ready to form a divergence between the indicator scale and the price.
Conclusion:
We do not recommend buying BTC.
However, it is worth looking for sales levels after updating the level of 12100.
H1
At H4, the cloud is directing upward, indicating an uptrend. RSI H4 and H1 are forming a wedge pattern, indicating a local price correction.
Conclusion:
The price is likely to rise, but you should take into account the fact that on all timeframes a divergence is formed between the price and the RSI scale.
Important observation!
We see very serious signals for the start of a decline in the price of bitcoin and we recommend that you tune in to look for good patterns for short selling and taking profit for long positions.
H4
On D1, the cloud is directing upward, indicating an uptrend.
It should be noted that the RSI is above the oversold level (70) and is ready to form a divergence between the indicator scale and the price.
Conclusion:
We do not recommend buying BTC.
However, it is worth looking for sales levels after updating the level of 12100.
H1
At H4, the cloud is directing upward, indicating an uptrend. RSI H4 and H1 are forming a wedge pattern, indicating a local price correction.
Conclusion:
The price is likely to rise, but you should take into account the fact that on all timeframes a divergence is formed between the price and the RSI scale.
Important observation!
We see very serious signals for the start of a decline in the price of bitcoin and we recommend that you tune in to look for good patterns for short selling and taking profit for long positions.
Comment:
UPDATE
