As you can see, we broke a divergence trendline on BTC. What it normally mean is that the divergence is canceled and we are likely to continue pumping without correcting yet. However, it's still possible that we cancel that break.
The important thing to do is to watch that yellow line on RSI. If we bounce on it and the RSI that higher, we are going to pump. If the RSI goes under that yellow line, we are going to correct. So watch carefully that line before taking any position.
Moreover, we are forming a diamong on the 4-1h timeframe, which is a bearish pattern. It's not totally formed yet but keep that in mind.
Now you know what to watch for for the next movement.
Good luck !
The important thing to do is to watch that yellow line on RSI. If we bounce on it and the RSI that higher, we are going to pump. If the RSI goes under that yellow line, we are going to correct. So watch carefully that line before taking any position.
Moreover, we are forming a diamong on the 4-1h timeframe, which is a bearish pattern. It's not totally formed yet but keep that in mind.
Now you know what to watch for for the next movement.
Good luck !
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