BTC - H1 - BEARISH DIVERGENCE ON RSI !
H1 : Last long white candle triggered a RSI BEARISH DIVERGENCE
on a "overbought" zone !
Watch upcoming price action very carefully and first support to look
at is the ongoing short term uptrend support line , currently @ 57'500, which
also coincides with the Tenkan-Sen !
A failure to hold above this area would open for the following targets :
S1 : 57'092
S2 : 56'500 (VERY IMPORTANT)
S3 : 55'464
S4 : 54'735
and the clouds support area.
On the upside, a recovery above the former high @ 58'549 would put the focus on the
psychological level of 60'000 ahead of 61'066 (78.6% Fib ret)
M15 : On this very short term picture, the situation is pretty clear, a failure to hold
above the CLUSTER (Tenkan-Sen, Mid Bollinger Band and Kijun-Sen) would confirm a top in place
calling for lower levels.
Please note that the short term uptrend support line coincides with the top of the clouds support
in this time frame.
Clouds a day, clouds always :-)
Have a nice trading day
All the best and take care
Kind regards
Ironman8848
on a "overbought" zone !
Watch upcoming price action very carefully and first support to look
at is the ongoing short term uptrend support line , currently @ 57'500, which
also coincides with the Tenkan-Sen !
A failure to hold above this area would open for the following targets :
S1 : 57'092
S2 : 56'500 (VERY IMPORTANT)
S3 : 55'464
S4 : 54'735
and the clouds support area.
On the upside, a recovery above the former high @ 58'549 would put the focus on the
psychological level of 60'000 ahead of 61'066 (78.6% Fib ret)
M15 : On this very short term picture, the situation is pretty clear, a failure to hold
above the CLUSTER (Tenkan-Sen, Mid Bollinger Band and Kijun-Sen) would confirm a top in place
calling for lower levels.
Please note that the short term uptrend support line coincides with the top of the clouds support
in this time frame.
Clouds a day, clouds always :-)
Have a nice trading day
All the best and take care
Kind regards
Ironman8848
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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.