vikrumpain

Classic Bearish Divergence Forming!!!!!!

Short
KRAKEN:XBTUSD   Bitcoin / U. S. Dollar
Might be too early to call this, but we have a textbook example of bearish divergence within this wedge that has been forming. We have reached a higher high, with a lower RSI value on the 4H.

Additionally, I don't have my volume indicator visible on the chart, but the previous 2 highs were reached with decent volume , whereas this high has weak volume .

All signs are pointing to a retracement, and IN MY OPINION, we could be seeing BTC pulling back to 6200-6300 at least.

Good luck,

Vik