BTCUSD Bullish & bearish divergence
On my chart, BTC is staying above the downward trend line(Red Bold) of this year. Volume is still in the lower area, so we need to wait for the confirmation.
BTC has been bounced up at its 0.618(from $6211) and it try not to break its yearly down trend line.
On 1hr chart, we can find out some bullish & bearish divergence.
Now we are at the bearish divergence area.
Keep watching.
Good luck.
BTC has been bounced up at its 0.618(from $6211) and it try not to break its yearly down trend line.
On 1hr chart, we can find out some bullish & bearish divergence.
Now we are at the bearish divergence area.
Keep watching.
Good luck.
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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.