BTCUSD - Decreasing Volume & HBD
Updated
Hey guys,
As we can see, BTC seems to be in a symmetrical triangle. According to the hidden bullish divergence we see, as well as the decreasing volume, I conclude that this symmetrical triangle is going to exit downwards instead of upwards.
For a more detailed and long-term analysis, feel free to check out my related idea (Wyckoff Accumulation Scenario - BTCUSD) below.
Good luck,
and remember,
Patience is paramount!
As we can see, BTC seems to be in a symmetrical triangle. According to the hidden bullish divergence we see, as well as the decreasing volume, I conclude that this symmetrical triangle is going to exit downwards instead of upwards.
For a more detailed and long-term analysis, feel free to check out my related idea (Wyckoff Accumulation Scenario - BTCUSD) below.
Good luck,
and remember,
Patience is paramount!
Note
*hidden bearish divergence
Related publications
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.