BTC Important UPDATE
RSI divergence on Big time Frame.
LOOKS LIKE IT IS TOP FOR BTC THIS WEEK. LOOKS LIKE WAVE 1 IS COMPLETED HERE.
Strong Bearish Divergence on the 4H RSI since 23rd April, which correlates well with it being a Wave 5 top.
Potentially the top may be in, or it could range here for the weekend and have one last liquidity grab before we start the Wave 2 retracement.
On the upside
- the liquidity at $98k could get swept.
ON the Lower side
- there are lots of late longs stacked up from $94k
- then there is the CME Gap at $91-92k
- the next big level of longs liquidations is down at $85k.
So $91k or $85k would be my key areas of interest to look for a potential bounce.
