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BTC rejected by the MA 200 + hidden bearish divergence
There are currently two bearsih signs on higher timeframes:
1) BTC has been rejected by the MA200 on 1D for the second time since March. It's quite likely that the price would stay below the MA200 for a while. If the price breaks the MA200 and bounces from it, that would be a great bullish sign.
2) A hidden bearish RSI divergence on 1D.
However, there is a bullish RSI divergence on 1H, but that's only useful for short term trades.
(This is not a financial advice. I might be completely wrong. Do your own research before trading.)
1) BTC has been rejected by the MA200 on 1D for the second time since March. It's quite likely that the price would stay below the MA200 for a while. If the price breaks the MA200 and bounces from it, that would be a great bullish sign.
2) A hidden bearish RSI divergence on 1D.
However, there is a bullish RSI divergence on 1H, but that's only useful for short term trades.
(This is not a financial advice. I might be completely wrong. Do your own research before trading.)
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