Updating my TA outlook. (Those uninterested can just skip past this note.)
Two days ago I posted that if Bitcoin doesn't do another $3000 rise in two to three days then it'll be confirming a strong Bearish Divergence on Price vs Momentum, which could spell a short term correction and some cheap sats.
Well.. it did manage to rise another $3000 in two days so... here's a short update.
RSI on daily TF broke through the resistance but is still not making new high.
At this point we can expect a small correction to establish a new support, if the support will hold, I haven't looked at the volumes yet.
This means that a bearish divergence is still in the picture, but it's looking really good on 3D and 1W TF and if a support can be established on the former resistance line on RSI then we could see some more upside actions.
Still the same conclusion, stay humble, stack sats, don't get in a leveraged position.
Plebs are fine either way as we either stack cheap sats, or say Bitcoin is winning.
