weekly hidden bear divergence
weekly hidden bear div in green.
i expect there to be lower high in price and higher high in rsi.
these are very powerful. the only way it can be canceled is if we can sustainably break $453.
i wont be betting on that. also keep an eye on weekly rsi if it can close above 50, which is very bullish. i also dont think that will happen.
confluence of resistance in horizontal price area
the black arrow is the path i expect btc to follow for the rest of this year. the best dumps to new lows come after a good pump. it exhausts the buyers.
so don't short yet, but keep an eye for topping out once we get closer to trendline or ote short area and other indicators.
i expect there to be lower high in price and higher high in rsi.
these are very powerful. the only way it can be canceled is if we can sustainably break $453.
i wont be betting on that. also keep an eye on weekly rsi if it can close above 50, which is very bullish. i also dont think that will happen.
confluence of resistance in horizontal price area
the black arrow is the path i expect btc to follow for the rest of this year. the best dumps to new lows come after a good pump. it exhausts the buyers.
so don't short yet, but keep an eye for topping out once we get closer to trendline or ote short area and other indicators.
For more details on my Trading Strategy, subscribe to substack.com/@dmt62dmt
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.