Bearish divergence with RSI and price action on the 2HR BTC/USD chart. We might see that correction happen soon.
RE: Bitcoin retakes 10K, reversal in full effect
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Bitcoin retakes 10K, reversal in full effect
Interesting, do you find odd time frames effective? I stick to the MetaTrader4 set out of habit.
Could well be seeing that correction now - back below 50% - channel remains in tact for moment though.
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It's not that I find one or more time frames effective, generally. I just use them for different purposes (and sometimes not for the right ones).
Dailies are my go-to when I'm reviewing something for the first time and/or just thinking of my long term plan. 4HRs is where I plan my entries, I will then check out 2HRs to see if I'm missing anything (like that bearish divergence I just mentioned).
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