Getting a bunch of mixed signals here:Divergence > RSI resistance/support.
One the one hand, there is a 4 hour bearish hidden divergence on the RSI that still may be active:which implies a continuation on the downside: on the other hand we have a higher low on the 4 hr RSI. Included the MACD for additional confirmation: histogram appears to be ticking up.
But the risk reward is favorable. Let's see what happens.
One the one hand, there is a 4 hour bearish hidden divergence on the RSI that still may be active:which implies a continuation on the downside: on the other hand we have a higher low on the 4 hr RSI. Included the MACD for additional confirmation: histogram appears to be ticking up.
But the risk reward is favorable. Let's see what happens.
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Bitcoin dumped hard to the next support level.
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bitcoin dumped, alts followed
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The fact that this coin did not dump as far as others is a good sign. I expect this to continue upwards, especially as bitcoin's wave 4 is complete.