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[BITCOIN] Horizontal S&R | MFI & Fisher Divergence
From a technical analysis standpoint alone, and not the views factually of my own opinion; Bitcoin displays a divergence on two primary indicators to my Technical Stratagem.
If I was to position myself on this market analysis, I recommend a careful selection of entering a short position. Under no circumstances would I consider opening a long position within the next week until revision, and it is recommended to not have a position in the market if you consider not risking a downside short.
Short: Consider seriously
Long: Avoid
Fiat: Preferable
Dark Orange = 1D S&R
Light Orange = 4H S&R
Light Green = 1H S&R
White Trendline = Direction maximum or minimum from reference
If you wish to use a standard model I have developed, refer to: i.imgur.com/A895npc.png
Happy trading everyone!
If I was to position myself on this market analysis, I recommend a careful selection of entering a short position. Under no circumstances would I consider opening a long position within the next week until revision, and it is recommended to not have a position in the market if you consider not risking a downside short.
Short: Consider seriously
Long: Avoid
Fiat: Preferable
Dark Orange = 1D S&R
Light Orange = 4H S&R
Light Green = 1H S&R
White Trendline = Direction maximum or minimum from reference
If you wish to use a standard model I have developed, refer to: i.imgur.com/A895npc.png
Happy trading everyone!
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