4 hour / short term bearish indicators
Bullish falling wedge idea I posted previously worked out well, almost reached the flat kumo target. Unless we blast through that target (always possible with bitcoin 9.97% ) there are a fair few short term bearish indicators forming.
1/ bear divergence on RSI (price lower high, RSI higher high)
2/ evening star forming
3/flat kumo emerging at around $13,700 (flat kumo = magnet)
None of the above is confirmed yet. Will be watching closely for signs of a pullback to the 0.5 fib ($14,000ish) and/or flat kumo ($13,700ish).
1/ bear divergence on RSI (price lower high, RSI higher high)
2/ evening star forming
3/flat kumo emerging at around $13,700 (flat kumo = magnet)
None of the above is confirmed yet. Will be watching closely for signs of a pullback to the 0.5 fib ($14,000ish) and/or flat kumo ($13,700ish).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.