BTC Bullish Confluence Detected on the 4HR
The 4HR RSI has a divergence on candle closes, also the 4HR MACD has an upwards cross happening. I laid out the retracement Fibs my guess is that it'll go somewhere between the 1.618 or 1.786, then pivot again bearish, making a right shoulder on the chart.
Alternatively, if it somehow becomes more bullish, it could hit the top Trend line forming another larger scale bearish divergence in the upward trend, I don't think this is as likely.
Alternatively, if it somehow becomes more bullish, it could hit the top Trend line forming another larger scale bearish divergence in the upward trend, I don't think this is as likely.
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.