Classic Bearish Divergence Forming!!!!!!
Might be too early to call this, but we have a textbook example of bearish divergence within this wedge that has been forming. We have reached a higher high, with a lower RSI value on the 4H.
Additionally, I don't have my volume indicator visible on the chart, but the previous 2 highs were reached with decent volume, whereas this high has weak volume.
All signs are pointing to a retracement, and IN MY OPINION, we could be seeing BTC pulling back to 6200-6300 at least.
Good luck,
Vik
Additionally, I don't have my volume indicator visible on the chart, but the previous 2 highs were reached with decent volume, whereas this high has weak volume.
All signs are pointing to a retracement, and IN MY OPINION, we could be seeing BTC pulling back to 6200-6300 at least.
Good luck,
Vik
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