rejection from the 4H 200ema, and price hit resistance of descending channel. Confirmation at the 4H candle close in 2 hours and a half.
BTC1! has been a leading indicator for BTC lately and has clearer patterns than BTC.
BTC1! has been a leading indicator for BTC lately and has clearer patterns than BTC.
Note
Bearish div was not confirmed but still possible. Change in trend is only confirmed with price retest of the 4H 200 ema and support not just closing above it.Note
Bearish divergence formed
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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.