BTC Potential Rising Wedge & Bearish Divergence
The last night pump was very weak and has created a significant bearish divergence.
Despite the low volume, the 6H and 12H MACD is still strong. This one has a very high potential to form the rising wedge that rises to slightly above the resistance around 1516-1520.
Keep an eye on the volume or any leading indicators - if the next pump shows another bearish divergence, then it may be a good time to go short. If this one breaks 1543 and doesn't come back, then we start the new era of the bull market :)
Despite the low volume, the 6H and 12H MACD is still strong. This one has a very high potential to form the rising wedge that rises to slightly above the resistance around 1516-1520.
Keep an eye on the volume or any leading indicators - if the next pump shows another bearish divergence, then it may be a good time to go short. If this one breaks 1543 and doesn't come back, then we start the new era of the bull market :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.