Bearish Divergence on the 4hour chart.
Both RSI and MACD are showing it.
Day chart showing signs of short term bear (MACD is downticking and RSI is showing weakness)
4 hour chart shows signs of an overall inverse H&S but a normal H&S has formed within it.
It would make sense as this normal H&S would form the drop necessary for the right shoulder to form.
White lines are indications of support and resistance, lower white line refers to potential zone for right shoulder to bounce off.
Anyone else seeing this?
Lower timeframes have shown that the price has closed above the bull pennant.
Take profits at resistance zones.
BTC needs to remain in consolidation or go bull.
Pull back to to breakout zone is possible at 0.01550
Lol i hope this shit plays out.
