About a month ago, I did an analysis and pointed out the importance of following the channel for BTC on the daily chart
About a month ago, I did an analysis and pointed out the importance of following the channel for BTC on the daily chart
of https://t.me/goodwininvest/159. Today I want to share an update: Bitcoin continues to move within this channel without closing above or below its boundaries. This means that we are still in a state of consolidation.
However, the weekly chart is starting to show some interesting features. We may be witnessing the formation of a classic bearish divergence in the RSI indicator, as I described in https://t.me/goodwininvest/142.
There are three (BUT) !!! First : The closing of the weekly candle has not happened yet. Second : In a bull market bearish divergences have a weak value. Third : The indicator repeated the price movement.
https://t.me/goodwininvest/217?single
https://t.me/+mVsXrSdrnbExODQy
Translated with www.DeepL.com/Translator (free version)
