Bear-divergence on BTC
Bear Div, looking for a tag of the 50EMA at the 1200-1300 area.
Simple set-up.
Simple set-up.
Note
Just wanted to add, this was charted on the 1W, and should play out over the next few weeks.Any over-extension from this level is a short opportunity.
Note
RSI cracked hard, will look for a tag of the 100EMA around roughly the 1200-1250."Percocet, Molly Percocet" - Future
Note
Lesson learned here, is to never bet against bitcoin.Finding bear divergences using any technical indicator won't help. This is tulip mania on steroids.
We could be at a million dollars tomorrow.
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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.