BTCUSD - H4 - BEARISH DIVERGENCE (to be confirmed) !
High volatility and "rock and roll"... seen over the last 8 hours...
Mid Bollinger, leading support indicator, worked once again perfectly well on a closing level basis :-)
Last H4 candle on a closing basis triggered firstly a long white bullish candle..but secondly
also triggered a second RSI bearish divergences, calling for a greater caution.
In addition, a potential double top formation is also in progress !
Therefore, ongoing price action over the coming hours should be watch, as usual, very carefully
in screening scrupulously shorter time frames to detect validation or invalidation of a reversal.
Watch also closely the Lagging line !
Good luck and have a great week
All the best and take care
Ironman8848
Mid Bollinger, leading support indicator, worked once again perfectly well on a closing level basis :-)
Last H4 candle on a closing basis triggered firstly a long white bullish candle..but secondly
also triggered a second RSI bearish divergences, calling for a greater caution.
In addition, a potential double top formation is also in progress !
Therefore, ongoing price action over the coming hours should be watch, as usual, very carefully
in screening scrupulously shorter time frames to detect validation or invalidation of a reversal.
Watch also closely the Lagging line !
Good luck and have a great week
All the best and take care
Ironman8848
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