Dear traders,
Once again BTC is performing a negative divergence on RSI with the DOUBLE TOP on lower time frame ( 4HR ) period. in BLUE line. This tiny divergence are setting on the higher DAILY time frame ( YELLOW ) which gives another confirmation of SHORT trade and then roll over to the previous structure support
That was a quick idea to let you involved with me and share with you what i found on that chart.
Happy trading :)
Once again BTC is performing a negative divergence on RSI with the DOUBLE TOP on lower time frame ( 4HR ) period. in BLUE line. This tiny divergence are setting on the higher DAILY time frame ( YELLOW ) which gives another confirmation of SHORT trade and then roll over to the previous structure support
That was a quick idea to let you involved with me and share with you what i found on that chart.
Happy trading :)
Note
A triple top is formed now with deep RSI negative divergenceNote
A triple top is now performed and price failed to close above previous structure resistance.NOW a third confirmation of price rejection is clearly revealed on the chart which indicated that this trade is still VALID
let's see if BTC gonna hit the target in the next few days
Trade closed: target reached
Congratulations
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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.
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.