Now every smaller TF showing... From 1H till 6H showing bearish divergence.... This is going to proliferate into higher TF in coming days too.
First a correction and then a massive pump.....will produce a nice bear divergence on higher TF too.
Note :- all this can take several days... And time makes Normies forget everything.
TA for trader is actually like compass for sailor.
But the most traders , do so much of TA on TA that they got stuck in " analysis paralysis" .
Just get the direction by using leading indicators .... Higher TFs best for directions, lower TFs best for entry and exit... Club it with fractals.
Crypto market is a new market, constituents of this market is mostly Ist time traders or novices.
No big money aka smart money is here... So fractals r factual here.
The whole market is singing about bitfinex whale accumulating bitcoin... Then who is this whale who has shorted so big in just 4hrs