this post was submitted on 28 Apr 2024
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https://bastyon.com/index?s=cd24c41b15444707bece18ad14b25bc5f980aeb6e2bacc30e5a1e5e19c3a8d6f&ref=PKSH8kDC3VQJPJWVaQDzZHjweKexkbRZXY

of https://t.me/goodwininvest/159. Today I want to share an update: Bitcoin continues to move within this channel without closing above or below its boundaries. This means that we are still in a state of consolidation.

However, the weekly chart is starting to show some interesting features. We may be witnessing the formation of a classic bearish divergence in the RSI indicator, as I described in https://t.me/goodwininvest/142.

There are three (BUT) !!! First : The closing of the weekly candle has not happened yet. Second : In a bull market bearish divergences have a weak value. Third : The indicator repeated the price movement.

https://t.me/goodwininvest/217?single

https://t.me/+mVsXrSdrnbExODQy

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