Potential 2:4 Divergence on Bitcoin. Look for a 5th wave up?
Friends. Just an update regarding this idea. It pays to watch all timeframes. Especially with as much consolidation as we have had over the past several days. It has allowed the RSI on the daily tf to potentially create a 2:4 divergence. Meaning this could be a signal for a 5th wave to come in this move. I have alerts set for $21900 on the bybit chart to watch $21700-750. That area has been visited on the other exchanges, but not Bybit. That is important.
Since this Daily tf has been taken out, I am looking at the 2/4HR RSI for signs of exhaustion in the area if given and then entry on the 15min.
Trade safe friends.
Since this Daily tf has been taken out, I am looking at the 2/4HR RSI for signs of exhaustion in the area if given and then entry on the 15min.
Trade safe friends.
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