In this technical analysis, it shows hidden divergence in 4 hours time frame. Fair enough to indicate a good sign of correction.
One thing is the falling wedge pattern from the top before the dump.
BUT. Bear momentum is very strong, it might invalidate anytime and it could break the parabolic structure.
If 41k level doesn't break, i want to see a consolidation phase before the pump continues.
That's all for today. Happy trading.
Recap to my bias.
-Falling wedge.
-RSI indicates hidden divergence, or bullish divergence.
NOT A FINANCIAL ADVICE. Trade at your own risk.
One thing is the falling wedge pattern from the top before the dump.
BUT. Bear momentum is very strong, it might invalidate anytime and it could break the parabolic structure.
If 41k level doesn't break, i want to see a consolidation phase before the pump continues.
That's all for today. Happy trading.
Recap to my bias.
-Falling wedge.
-RSI indicates hidden divergence, or bullish divergence.
NOT A FINANCIAL ADVICE. Trade at your own risk.