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$BTC 1D Chart 🔎
Top Down Analysis Continued...
A mixed bag here on the 1D timeframe.
The moving averages are gathering tightly here indicating that a move is coming.
The stochastic RSI has a hidden bearish divergence and it is curling downwards. Some bearish vibes.
There is also a nice bullish divergence that is indicating that there could be a change in momentum coming. Flipping from bearish to bullish.
The MACD is just crossing over from bearish to bullish. However it does show some fading buying pressure.
Keep in mind the MACD is a lagging indicator.
Conclusion: Potential to flip from bearish to bullish. Remain cautious.
NFA, DYOR ⚠️
#Crypto #Trading #BTC