BTC Bullish Confluence Detected on the 4HR
The 4HR RSI has a divergence on candle closes, also the 4HR MACD has an upwards cross happening. I laid out the retracement Fibs my guess is that it'll go somewhere between the 1.618 or 1.786, then pivot again bearish, making a right shoulder on the chart.
Alternatively, if it somehow becomes more bullish, it could hit the top Trend line forming another larger scale bearish divergence in the upward trend, I don't think this is as likely.
Alternatively, if it somehow becomes more bullish, it could hit the top Trend line forming another larger scale bearish divergence in the upward trend, I don't think this is as likely.
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