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Technical analysis by Pouncer626 about Symbol BTC: Buy recommendation (1/15/2024)

https://sahmeto.com/message/869322
Pouncer626
Pouncer626
Rank: 4160
1.8
Buy،Technical،Pouncer626

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.

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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$42,651.67
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