BITCOIN - Bearish Divergence, Higher Low and then Moon 💥💥💥
Hey everyone,
The explosion was here! We broke the falling wedge. Now, what do we see?
We have a bearish divergence. The price goes up but the MACD and RSI are heading down to 42.5K. This means that the bulls are weakening and we might need a breather before we head up again.
In fact, I realized that if we do a higher low, this means that we are forming an inversed head and shoulders! Well, that's just a speculation. I'll wait for the confirmation.
Trade safely my friends,
Aloo2k
The explosion was here! We broke the falling wedge. Now, what do we see?
We have a bearish divergence. The price goes up but the MACD and RSI are heading down to 42.5K. This means that the bulls are weakening and we might need a breather before we head up again.
In fact, I realized that if we do a higher low, this means that we are forming an inversed head and shoulders! Well, that's just a speculation. I'll wait for the confirmation.
Trade safely my friends,
Aloo2k
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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.
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.