Bitcoin – the critical moment!
Hello, everyone!
Yesterday we considered the potential local long trade according to 4h bullish divergence. Today this long is actual. I skip this long consciously because this signal was flashed against the bearish divergence on the higher timeframe.
Today we can see that the BTC is in critical point. As a result I can divide two clear scenarios. The Bitcoin price is forming the rising wedge – the bearish pattern. The only question is if the price is going to break it down now or after new local higher high. The BTC bounced off exactly the 0.5 Fibonacci level. The price can grow easily above the local high to $49000 if we take in account the bullish 4h divergence. In this case the bearish divergence on 1D chart will become even stronger. In this case we are going to see the almost guaranteed dump below 33k next two month. The another one scenario is breakdown of rising wedge right now. In this case I am not going to be on the bullish side.
Good luck!
DISCLAMER: This is not a financial advice, do you own study before making a decision on the real market. If you decided to follow the idea in this article, please restrict your risk to 0.5%-1% of your entire deposit.
Yesterday we considered the potential local long trade according to 4h bullish divergence. Today this long is actual. I skip this long consciously because this signal was flashed against the bearish divergence on the higher timeframe.
Today we can see that the BTC is in critical point. As a result I can divide two clear scenarios. The Bitcoin price is forming the rising wedge – the bearish pattern. The only question is if the price is going to break it down now or after new local higher high. The BTC bounced off exactly the 0.5 Fibonacci level. The price can grow easily above the local high to $49000 if we take in account the bullish 4h divergence. In this case the bearish divergence on 1D chart will become even stronger. In this case we are going to see the almost guaranteed dump below 33k next two month. The another one scenario is breakdown of rising wedge right now. In this case I am not going to be on the bullish side.
Good luck!
DISCLAMER: This is not a financial advice, do you own study before making a decision on the real market. If you decided to follow the idea in this article, please restrict your risk to 0.5%-1% of your entire deposit.
Get access to private PineScript strategies and turn script alerts into orders at your exchange account with easy-to-set up bots
Get free alert bot:
skyrexio.com
Get free alert bot:
skyrexio.com
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.