Get started
eBlockChain

Hidden Bearish divergence ?

Short
Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
eBlockChain Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTCUSDT hiddenbearishdivergence
2
4
trendanalysis chartpattern indicator btcusd btcusdt hiddenbearishdivergence
Simply put, Bitcoin is setting a higher high on the RSI while the price is setting a LH.

Unless BTC manages to break the price above with a matching HH, then expect a dump triggered by a Hidden Bearish Divergence.
Comment:
Eyes on the 4H RSI as it has set a HH, while BTC price still struggles to set a HH. A 47k 4H candle close will invalidate the Hidden Bearish Divergence, otherwise it remain in play.
Order cancelled:
Bitcoin closed the 4H chart price above 47k, providing a HH on both the RSI and PA invalidating the Hidden Bearish Divergence.
Unless you figure a way to make money while you sleep, you’ll work till you die.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.