Hi traders, Looks like Bitcoin is loosing its steam in this bull rally. There is simple divergence between MACD, RSI and price action. Simple yet powerful indicators at work. "OLD is GOLD!"
advocating for short term SQQQ position. Wait for Fed meeting tomorrow though.
Notice the negative divergence in DIA. However, the similar is not evident on SPY or QQQ.
Minute negative divergence.
And here is the buy signal in DWTI.
Looks very interesting on weekly time frame. One should wait for a break out.
