cryptomrdavis

Bitcoin correction incoming with divergence on the 4h chart

cryptomrdavis Uppdaterad   
BINANCE:BTCUSDT   Bitcoin / TetherUS
So last time the bearish divergence didn't play out, so will this time the divergence give us a pullback? Look at the RSI to spot the div. MACD crossed also.
I think, yes and I wait for the area around the golden ratio. Look at the chart to see where I see a possible bounce after the pullback.
Kommentera:
first touch of the fib 0.5 level. lets see if the bulls can defend the golden ratio level
21.022$ - 21.264$

Kommentera:
still on track, watch these levels. hopefully the first target will hold as support and pushes the price back on track. otherwise I expect a drop in the second target area

Kommentera:
we just had one touch on the 0.5 fib level. nice move from bitcoin.
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