Bitcoin correction incoming with divergence on the 4h chart
Updated
So last time the bearish divergence didn't play out, so will this time the divergence give us a pullback? Look at the RSI to spot the div. MACD crossed also.
I think, yes and I wait for the area around the golden ratio. Look at the chart to see where I see a possible bounce after the pullback.
I think, yes and I wait for the area around the golden ratio. Look at the chart to see where I see a possible bounce after the pullback.
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first touch of the fib 0.5 level. lets see if the bulls can defend the golden ratio level21.022$ - 21.264$
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still on track, watch these levels. hopefully the first target will hold as support and pushes the price back on track. otherwise I expect a drop in the second target area[IMG]
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we just had one touch on the 0.5 fib level. nice move from bitcoin.Disclaimer
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