2 day wedge plus RSI divergence is showing us signs of bitcoins exhaustion. Calling tops is very difficult I am just looking for clues, like a detective. The green wedge printed RSI div at the bottom of the bear market when everyone was SURE we would go lower. Now, greed is at an all time high (check the fear and greed index) and everyone is SURE we are going higher. Could we ? of course, bitcoin consistently pumps through the topside of rising wedges I am just saying be careful, there is a ton of greed in the market right now and believe it or not, nothing goes straight up.
Red Boar
Red Boar
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update on some previous times this has happened on the 4 hour
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Well I am always early, but I think my lines will hold true...this most recent move will prove to only be a wick on the two day that will close down much lower
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update
update