Hopefully this strategy and analysis will help you
In Bitcoin we find a very pronounced, hidden bearish divergence.
The on-balance volume is trading at a higher level than at a BTC price of almost USD 69,000.
These hidden bearish divergences tend to result in significant price losses. Experience also shows that the more pronounced the divergence, the greater the price losses.
Against this backdrop, we expect the BTC price to return to around USD 55,800
The on-balance volume is trading at a higher level than at a BTC price of almost USD 69,000.
These hidden bearish divergences tend to result in significant price losses. Experience also shows that the more pronounced the divergence, the greater the price losses.
Against this backdrop, we expect the BTC price to return to around USD 55,800
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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.