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Wednesday, January 06, 2021

BTCUSD Bearish Divergence on 4hrly Chart - Possible Correction

BTCUSD Bearish Divergence on 4hrly Chart - Possible Correction

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Look out for the bearish divergence forming on the 4hrly chart with hihger high on price and lower high on the RSI .

There could be a possible short-term correction in price coming soon. Just sharing an observation. Bulls probably may want to get those stop losses in profit standing by just in case.

For those who followed the earlier trade on the inverse H&S breakout, it is probably time to get in those stop losses in profit as the target of 37000 may not be reached before the next correction, however your positions should already be in a comfortable profit by now.

BTCUSD Inverse H&S on 1 Hrly Chart Breakout Trade Opportunity

Trade only what you can afford to lose nothing is 100% in life, ever.

Good luck!

from Trading Ideas https://ift.tt/2JOBenz
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