We have a puree substantial. And a high high, in the RSI we have a top and also a lower high. What does this suggest? Does this imply that Bitcoin is going to go a very bearish you? No, however, it will signify maybe it is really we are becoming exhausted . Even the bulls are becoming drained and we are responsible for at least a consolidation, however a change is very much potential.
Ofcourse. Let me just demonstrate two examples whom I have previously revealed you. We had a barrister brink is there. And bit coded in D-CA correction. They're not a very big one, but in DD correction. After which we had another bearish divergence. Right here. We'd low high, but also the price was performing the exact opposite.
And if you remember what I explained was that I stated we're most likely topping out . We're probably planning to go sideways or slightly for the disadvantage, plus it was zooming there. We could honestly see it can failed go or even even slightly to the downside here. So this is these bearish divergences normally reveal us that.
We're a little bit overextended at the brief term. But when you are on the four hourly, '' I might want to point out that it could be a little bit too early to express this is going to be supported divergence, and should Bitcoin could break through the resistance here and starts heading over 10,000 afterward that little bearish divergence is not any longer valid in my opinion, since in that time it's very possible that this, the RSI is going to go above the last high there, and also in that casewe have no some high divergence any longer.
But I am showing you that because this really is some thing which I'm keeping an eye on right now, and let me offer you a little update on the Bit-coin dominance. It has come down a bit longer and we will see how Bit-coin is really trying to crack below this service line, which means that if Bit-coin effectively breaks here, then old corn season will begin.
All corn period, in my opinion, have not begun yet. We are still within an up trend, however we are getting very close to getting this support line broken. This may be actually the weekly timeframe, so let us try to find a weekly close below this line. Uh, you can easily see here just how be commanded to break this level. However, uh, B con came back to the zone then a dominance continued to go upwards the following.
Following up, breaking information. A small cryptocurrency market was simply hacked, however, we have no idea whether it was hacked or. Hacked. These points are normally inside tasks, I believe, but the most crypto was lost from the specific exchange. They state here that deal end users, unfortunately, we now have to inform you with the simple fact which our market was hacked at the night time and so forth.