We have a puree high. And also a high high, but in the RSI we have a high and also a diminished . What does this suggest? Does this mean Bitcoin will go a exact minimal you? No, however, it will mean that maybe it's indeed we are getting exhausted here. Even the bulls are becoming tired and we are responsible for at least a consolidation, however, a change is quite much potential.
Of course. Let me just show you just two examples whom I have previously demonstrated you. We'd a barrister verge is there. And bit coded in D-CA correction. They aren't a massive one, however, in D-d correction. After which we'd an alternative bearish divergence. Right here. We had lower high, but also the price was carrying out the exact opposite.
And if you recall exactly what I mentioned here was I explained that we're almost certainly heading out here. We are likely going to move sideways or slightly towards the downside, and it absolutely was zooming out there. We could actually view it could did really go sideways or even even marginally towards the disadvantage . So this really is what these bearish divergences generally show us that.
We're a little bit overextended in the quick phrase. However, if you're on the 4 hourly, '' I might desire to point out that it may be somewhat too premature to express that this is going to be supported divergence, and should Bit-coin can crack through the resistance here and starts likely above 10,000 afterward this little bearish divergence is not any more valid in my opinion, since in that time it's possible that this, the RSI will go above the last top there, and in that case, we don't have some bearish divergence anymore.
But I'm showing you this because that really is a thing that I am trying to keep an eye right now, and I want to offer you a little update on the Bitcoin dominance. It's come down a small bit longer and also we can view how Bitcoin is trying to crack down below this support line, meaning that if Bit coin properly breaks down here, then old corn season will begin.
All corn time of year, in my opinion, have not begun . We're still in a uptrend, but we are becoming very near having this service line broken. This is the weekly timeframe, therefore let us locate a weekly close below this line. Uh, you'll see here how be controlled to violate this particular level. But, uh, B disadvantage came straight back into this zone and then a dominance continued to go up the following.
Up coming upward, breaking information. A small crypto currency exchange has been only hacked, but we don't know whether it was hacked or. Hacked. These points are generally inside tasks, I believe, however, basically most crypto was dropped in this exchange. They state the following that bargain customers, unfortunately, we need to notify you with the fact which our exchange has been hacked during the night and so forth.
source