BTC Bearish divergence and VWAP rejection
This morning I drew this rising wedge and clear and long-lasting bearish divergence on my waves trend oscillator. I used a 30m time frame for better resolution, which also applies to the 4h chart. It was clear we had to break out today or tomorrow, so it happened while I was asleep. I would be so angry because I missed this dip if it wasn't for perfect VWAP rejection on the price bounce back. We can see here that price is struggling to go over bigger history volume action, shown on VRVP. And the hole on VRVP that I explained in my previous idea - remains. Smaller time frames will push the price as much as possible, but I believe we are looking at lower tops and bottoms from now on. 1D was overbought at a 100 level two days ago. 100!!!
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