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

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.