The bitcoin price has back back up to retest previous support, now resistance and currently looks like it has created a a lower high.
RSI14 and the price is making an argument for 2 divergence patterns:
Hidden Bullish Divergence (Higher Low Prices and Lower Lows on RSI), which is a continuation pattern to the upside.
Bearish Divergence (Higher High Prices with Lower Highs on the RSI), which is a reversal pattern. However, it is not well formed as the bullish continuation pattern.
For now, we are going to exit our laddered shorts at $9.5, if the price moves up above $9.65K and look are a better entry either to the long side or the short side.
Sometime trading is a about picking your battles. Cheers and happy trading :)
RSI14 and the price is making an argument for 2 divergence patterns:
Hidden Bullish Divergence (Higher Low Prices and Lower Lows on RSI), which is a continuation pattern to the upside.
Bearish Divergence (Higher High Prices with Lower Highs on the RSI), which is a reversal pattern. However, it is not well formed as the bullish continuation pattern.
For now, we are going to exit our laddered shorts at $9.5, if the price moves up above $9.65K and look are a better entry either to the long side or the short side.
Sometime trading is a about picking your battles. Cheers and happy trading :)
Smart Crypto Association [ SCA ]
