2021/10/11 06:18 AM – BTCUSD – H4 – BEARISH DIVERGENCE (to be confirmed) !

BTCUSD – H4 – BEARISH DIVERGENCE (to be confirmed) ! by Ironman8848 on TradingView.com

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.


Disclaimer :

All views expressed on my analysis are my own and do not represent the opinions of any entity, whatsoever with which I have been, I am now or I will be affiliated with. Any action you take upon the information on those analysis is strictly at your own risk and should not be considered as an advisory. The author assumes no responsibility or liability for any errors or omissions in the content of his analysis. The information contained is provided on an «as is» basis, with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied. 

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