I am currently looking at BTC after the huge dump that happened in the market which also affected other alts. As you can see I have identified some key areas in the market and I am pretty sure you can spot the divergence there on the 4 hour timeframe.
It broke the 50 level on the support of the RSI and headed to the oversold region for the next support.
It broke the 50 level on the support of the RSI and headed to the oversold region for the next support.
This is a proof that the divergence was confirmed on the daily timeframe. Since we aren't the one moving price, make sure you have a good risk management setup in place when making any trading decisions with your life funds. Do well to drop your comments and contributions on this too. Trade safely.