We have a puree substantial. And also a higher high, in the RSI we've got a top and a lower . What does this imply? Does this imply Bitcoin is going to go a exact minimal you? No, however, it will mean that maybe it's therefore we are becoming tired . Even the bulls are getting drained and we are in for at least a consolidation, however a reversal is extremely much potential.
Of course. I want to just show you two examples whom I have previously demonstrated you. We had a barrister verge is there. And piece coded in D-CA correction. They're not a huge one, however, in D-d correction. After which we had some other bearish divergence. Right here. We had lower , however, also the cost was accomplishing the specific opposite.
And if you remember what I explained was I stated we're probably topping out . We are likely going to move sideways or slightly to the disadvantage, also it absolutely was moved out there. We are able to honestly see that it can failed indeed go or maybe even slightly towards the disadvantage here. This is these bearish divergences normally show us that.
We're slightly overextended in the quick time period. However, when you should be searching for the 4 hourly, I may possibly wish to point it out might be a little bit too early to express this is going to be more confirmed divergence, and should Bit-coin could break during the resistance here and starts going above 10,000 afterward that tiny bearish divergence is not any longer valid I think, since in this point it's possible for it, the RSI is going to exceed the last high there, and in that casewe don't have any high divergence anymore.
But I am showing you this because this really is a thing which I'm keeping an eye fixed right now, and I would like to give you a tiny update on the Bit coin dominance. It's come down a bit longer and also we can see how Bit coin is really trying to break down below this support line, which means that if Bit-coin effectively breaks down here, then older corn season will commence.
All corn period, in my own opinion, have not begun . We're still within a up trend, however we are becoming very close to getting this support line broken. This could be the weekly interval, so let us look for a weekly close below this line. Uh, you can view here just how be commanded to violate this specific level. However, uh, B disadvantage came back to the zone and then the dominance lasted to go up the following.
Subsequent up, busting news. A little crypto currency market was simply hacked, however, we have no idea whether it was hacked or. Hacked. These things are usually inside jobs, I believe, but basically most crypto was missing in this specific exchange. They say right here that deal consumers, regrettably, we have to notify you with the fact that our market was hacked at night and also almost.