BitcoinShort
Strong RSI Divergence on the daily timeframe!
Be careful, I just spotted a ***very strong*** RSI divergence on the daily timeframe.
The relief rally might (I said might, mind you!) be "about over" and price could easily turn downwards, correcting strongly in a Wave 2.
This would not impair the bullish scenario, which would remain in the table, should Wave 3 finally form thereafter.
Price looked headed towards 30,000 but,... will it reach such figure? It easily could though it might be running out of gas.
Be prepared to SHORT when the climax is reached.
The relief rally might (I said might, mind you!) be "about over" and price could easily turn downwards, correcting strongly in a Wave 2.
This would not impair the bullish scenario, which would remain in the table, should Wave 3 finally form thereafter.
Price looked headed towards 30,000 but,... will it reach such figure? It easily could though it might be running out of gas.
Be prepared to SHORT when the climax is reached.
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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.
Related publications
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.