Bitcoin 4hours divergence
Hello,
As you can see on the 4 hours chart of bitcoin/usdt a bearish divergence have been forming for the last couple days.
NB: A bearish divergence is when the price is forming higher highs but the RSI indicator is forming lower highs.
That indicates that the selling pressure is rising and the bulls are getting weaker. If the price action continues to do that a down turn is expected but to turn bullish we have to see the RSI break the resistance to head back upwards.
As you can see on the 4 hours chart of bitcoin/usdt a bearish divergence have been forming for the last couple days.
NB: A bearish divergence is when the price is forming higher highs but the RSI indicator is forming lower highs.
That indicates that the selling pressure is rising and the bulls are getting weaker. If the price action continues to do that a down turn is expected but to turn bullish we have to see the RSI break the resistance to head back upwards.
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