As much as it looks like a clear uptrend, RSI is moving down against price moving up for
RVNBTC
.
IT'S CALLED BEARISH HIDDEN DIVERGENCE - COMMONLY KNOWN AS BULL TRAP. MOVING DOWN TO LOWER TF WILL PRINT A BETTER PICTURE OF THE CURRENT SCENARIO.
I do not want to do over analysis on this and tried to keep it simple and on point.
I also see this small uptrend as an "B" Wave of the correction wave. Previously completed ABC correction wave to me is sub wave of A wave.
Will update this at next important turning point. For now, its a bull trap for me.
RVNBTC
. IT'S CALLED BEARISH HIDDEN DIVERGENCE - COMMONLY KNOWN AS BULL TRAP. MOVING DOWN TO LOWER TF WILL PRINT A BETTER PICTURE OF THE CURRENT SCENARIO.
I do not want to do over analysis on this and tried to keep it simple and on point.
I also see this small uptrend as an "B" Wave of the correction wave. Previously completed ABC correction wave to me is sub wave of A wave.
Will update this at next important turning point. For now, its a bull trap for me.
הערה:
short complete
@fiatdropout