This is the divergence mentioned in previous Idea and is also apparent on the 4hr Time Frame.
Indicators are only part of the story and ultimately Price Action takes precedence. A lot bullish Price Action lately. However to aid in making unbiased/emotional decisions indicators can play a role in looking for entries/exits. I am currently flat and logically expect a pullback here, although BTC has been known to extend its push with bearish divergence,
I would rather lock in profit with capital when bearish sings start appearing near strong resistance. If we do break thorugh go full bull, then I will most likely go back to storing profits in Crypto and not $.
Indicators are only part of the story and ultimately Price Action takes precedence. A lot bullish Price Action lately. However to aid in making unbiased/emotional decisions indicators can play a role in looking for entries/exits. I am currently flat and logically expect a pullback here, although BTC has been known to extend its push with bearish divergence,
I would rather lock in profit with capital when bearish sings start appearing near strong resistance. If we do break thorugh go full bull, then I will most likely go back to storing profits in Crypto and not $.