Greetings. Selling pressure continued for the last 24 hours and drove the price far down. Right now a divergence is forming on the 1-hour chart, which could indicate a short term reversal due to selling momentum potentially slowing. Be aware of the market situation, that is very panicky, and we could easily see further drops due to further panic. This is a...
Greetings. After another steep price drop - there is an RSI divergence forming on the 15-minute chart. This could indicate sellers losing momentum in the short term. A cautious long position could be opened, since buyers could enter, now that selling momentum is decrasing. However, panic sells-offs are strong, so it would be a good idea to take some profits...
Greetings. Since posting the last chart a divergence has now formed on the 1-hour chart. I am travelling for the next 1½ hour so will just post this really quickly and update it later when i arrive. For now just be aware of this divergence, indicating selling momemtum decreasing.
Greetings. Bitcoin has had a lot of sell-offs during the last 24 hours and is now around 7900 USD. There is a divergence forming on the 15-minute chart. No divergence forming on the 1 hour chart but RSI is around 20 and looking very oversold on that. I will not personally be entering a trade as of right now, since it is midnight in my timezone and i will be...
Greetings. Looking at the BTC price action after a pretty steep drop during the night. Congratulations to everyone who had a short position. An RSI divergence is forming on the 15 minute chart indicating seller momentum slowing. If buyers show strength, that could be a possible entry for a long position. Potential targets are shown, and they are somewhat...
Greetings. Just after posting my first chart, a new divergence was spotted on the 1 hour timeframe. This time, the chart is live as of the time it is posted. The divergence is shown on the chart. It could be a setup for a short position. There might be a small price spike up to around the 9070 area, where a heavy supply has been established from...
Greetings. I have created a new tradingview profile for posting charts and ideas. This will be the first chart. I am primarily trading Bitcoin perpetual contracts on BitMEX. But these charts can be used for trading Bitcoin on your preferred exchange aswell. Since this is the first chart i post, please do not enter a trade from this chart. Moving forward i will...