BitcoinUpdated BTC 1D hidden bear divergence
Hi all,
BTC made it's usual pump. Now almost touching the downtrend resistance line. But still in descending channel...
On top, hidden bear divergence on the daily so I keep looking at the $6,160/ $5,850 levels with attention before going thinking going long
This is the perfect moment to be extra cautious, why?
- It' s dangerous to open short close to "the crowd's bottom"
- It's dangerous to open long in downtrend to "catch a falling knife"
All the Best from the Crypto Space
Alteroc
BTC made it's usual pump. Now almost touching the downtrend resistance line. But still in descending channel...
On top, hidden bear divergence on the daily so I keep looking at the $6,160/ $5,850 levels with attention before going thinking going long
This is the perfect moment to be extra cautious, why?
- It' s dangerous to open short close to "the crowd's bottom"
- It's dangerous to open long in downtrend to "catch a falling knife"
All the Best from the Crypto Space
Alteroc
Trade active
One might add the nicely respected descending channel to far: 
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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.