BTC Divergence & Volumes - Bear Trap
Today BTC tested a divergence resistance at 4300 as result it seems that pullback has occurred. Besides that, an obvious trendsetter towards bull direction has finally set up from bear short trend. Based on TA there will be another short bounce (according to MACD) into diagonal support line including Stoch RSI.
The range for BTC is 4400 ~ 3700. From volume indicator bullish sign occurred as majority for past 5 days. Therefore, if there is a huge short volume coming on it will take BTC to felt further.
Will support on 3700 sustainable for bearish waves?.
The range for BTC is 4400 ~ 3700. From volume indicator bullish sign occurred as majority for past 5 days. Therefore, if there is a huge short volume coming on it will take BTC to felt further.
Will support on 3700 sustainable for bearish waves?.
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