BTCUSDT: would it be the time for short? Divergence spotted!
Hello guys!
As you can see we have perfectly reached our targets and now we are waiting to see some reversal patterns for a considerable correction.
Now you can spot that the credible indicator, RSI , shows divergence in both DAILY and 4H timeframe!
For now, if RSI fails to reach the 84 level in the current candle, then the divergence is confirmed.
Furthermore, Momentum is in the extremely bought region which is another alert for the trend reversal.
Also, my favorite indicator, Bollinger Band, shows an unusual extension of the bands which also conveys that the current trend is coming to its end!
SO... wait for the reversal...
Have fun safe trading!
As you can see we have perfectly reached our targets and now we are waiting to see some reversal patterns for a considerable correction.
Now you can spot that the credible indicator, RSI , shows divergence in both DAILY and 4H timeframe!
For now, if RSI fails to reach the 84 level in the current candle, then the divergence is confirmed.
Furthermore, Momentum is in the extremely bought region which is another alert for the trend reversal.
Also, my favorite indicator, Bollinger Band, shows an unusual extension of the bands which also conveys that the current trend is coming to its end!
SO... wait for the reversal...
Have fun safe trading!
Trade active
Hey! It is happening now. If you take a look at 30 min timeframe then you might spot the reversal based on the candles pattern! its a dawn star!
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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.
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.