weekly hidden bear divergence
weekly hidden bear div in green.
i expect there to be lower high in price and higher high in rsi.
these are very powerful. the only way it can be canceled is if we can sustainably break $453.
i wont be betting on that. also keep an eye on weekly rsi if it can close above 50, which is very bullish. i also dont think that will happen.
confluence of resistance in horizontal price area
the black arrow is the path i expect btc to follow for the rest of this year. the best dumps to new lows come after a good pump. it exhausts the buyers.
so don't short yet, but keep an eye for topping out once we get closer to trendline or ote short area and other indicators.
i expect there to be lower high in price and higher high in rsi.
these are very powerful. the only way it can be canceled is if we can sustainably break $453.
i wont be betting on that. also keep an eye on weekly rsi if it can close above 50, which is very bullish. i also dont think that will happen.
confluence of resistance in horizontal price area
the black arrow is the path i expect btc to follow for the rest of this year. the best dumps to new lows come after a good pump. it exhausts the buyers.
so don't short yet, but keep an eye for topping out once we get closer to trendline or ote short area and other indicators.
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