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Bitcoin / Tether
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Bearish Divergence 4H

By Nutty_Trader
When looking at the 4H timeframe we can see quite strong bearish divergence. I have included prior instances of both bearish and bullish divergences. With this bearish divergence I would expect BTC to revisit the .786-.618 fib levels between 42.4K-44K. Divergences almost always hold true even if they take a little longer to play out. I would certainly not FOMO into a long position here with such strong bearish divergence evident on the chart.


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Bitcoin (Cryptocurrency)BTCChart PatternscorrectioncrashcryptoCryptocurrencyDivergenceTechnical Indicatorsrsi_divergenceTrend Analysis
Nutty_Trader
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