BTC Potential Rising Wedge & Bearish Divergence
The last night pump was very weak and has created a significant bearish divergence.
Despite the low volume, the 6H and 12H MACD is still strong. This one has a very high potential to form the rising wedge that rises to slightly above the resistance around 1516-1520.
Keep an eye on the volume or any leading indicators - if the next pump shows another bearish divergence, then it may be a good time to go short. If this one breaks 1543 and doesn't come back, then we start the new era of the bull market :)
Despite the low volume, the 6H and 12H MACD is still strong. This one has a very high potential to form the rising wedge that rises to slightly above the resistance around 1516-1520.
Keep an eye on the volume or any leading indicators - if the next pump shows another bearish divergence, then it may be a good time to go short. If this one breaks 1543 and doesn't come back, then we start the new era of the bull market :)
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