Rising wedge and bearish divergence on 1h TF
Hi all,
a quick update on BTCUSD.
On the 1h time frame we can see a bearish divergence, which aligns with a rising wedge and a MACD bearish crossover.
This points towards a short term price pullback. I do not expect a very major pullback though; potentially to the 1.272 Fibonacci extension in the chart.
What do you think?
* Note that I am using the Log-scale.
--- DISCLAIMER ---
This information is NOT a trading, investing, buy, or sell advice.
This information is a personal opinion and to be used for educational purposes only.
a quick update on BTCUSD.
On the 1h time frame we can see a bearish divergence, which aligns with a rising wedge and a MACD bearish crossover.
This points towards a short term price pullback. I do not expect a very major pullback though; potentially to the 1.272 Fibonacci extension in the chart.
What do you think?
* Note that I am using the Log-scale.
--- DISCLAIMER ---
This information is NOT a trading, investing, buy, or sell advice.
This information is a personal opinion and to be used for educational purposes only.
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