BustyDusty

Divergence on the daily, what could happen ?

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Divergence occurs when the indicator fails to imitate the pattern on the price chart, a sign of trend weakness and likely reversal. In an up-trend, if the price makes a new High (a higher peak than the last) but the indicator fails to do so, that is a bearish divergence.

You can see the supports that can resist the price fall However, 30k is strong support breaking it will get the price to the bottom at 20k.
Comment: wait the price to see if it will break 42k or retrace.
Waiting for the candle to close depending on your trading speed is important.
Comment: price reached above ATH.
It didn't break 42k so no longer valid, and changed to a long position signal after crossing up 58k.

Comments

very interesting analysis...
+1 Reply
دماااااااااااااااااااااااااااااااااااااااااااكسسسسسسسسس
+1 Reply
BustyDusty Dustynotbusty
@Dustynotbusty, لس قووووووووووووووو
Reply
I am praying for your worst-case prediction, and then another dump lol. Leverage got all my bitcoins! :(
+1 Reply
and then heavy dump 🤔
+1 Reply
BustyDusty nnrahbar
@nnrahbar Ya could be , better wait to see the price breaks 42K
Reply
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