BTC hidden bearish divergence
Updated
As we take a look at the daily TF, the hidden bearish divergence(Price making lower highs while RSI making higher highs) is pretty evident. And not to forget , we have also had the 'Death cross'. This also aligns with the cyclic up and down pattern that BTC has been following for nearly three months now. Considering that , this could be the start of next 30 days of bearish price action that could lead to the support zone of 7k.
Note
Moving as planned. Got rejected by the daily 200 MA which is a big deal resistance. Pattern will be invalidated if we break and close above the 200 MA and RSI making new high.Note
So far so good. Waiting for the retest of support at 6800.
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