BitcoinShort
BTCUSD bearish divergence on 4h
Bearish divergence developing against MACD and RSI on the 4 hour chart.
On the daily it is less clear: the RSI is not rising with the new highs in price but it is not falling (and MACD hasn't developed highs to compare yet).
Last time this showed we had a correction a few days later (albeit this was showing up on the daily).
We are also in an area of strong resistance, so a correction would not be surprising.
On the daily it is less clear: the RSI is not rising with the new highs in price but it is not falling (and MACD hasn't developed highs to compare yet).
Last time this showed we had a correction a few days later (albeit this was showing up on the daily).
We are also in an area of strong resistance, so a correction would not be surprising.
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