April 22' CME Micro Bitcoin Futures Trend Analysis
Trendline – Drawn from the low made on Feb 24, connecting to the lows made on Mar 13 & 15.
MACD – Negative Divergence. Even though we made a higher high on Mar 28 than seen on Mar 2, there was a lower MACD produced. Usually we like to see the MACD make higher highs, as the underlying instrument makes higher highs.
Gap- The Gap created on Mar 27 has been filled. This needed to be done before we move higher.
Long Entry- If looking to get long, don’t chase this. 43,000ish would be a nice pull back, and it would also test the up trendline.
MACD – Negative Divergence. Even though we made a higher high on Mar 28 than seen on Mar 2, there was a lower MACD produced. Usually we like to see the MACD make higher highs, as the underlying instrument makes higher highs.
Gap- The Gap created on Mar 27 has been filled. This needed to be done before we move higher.
Long Entry- If looking to get long, don’t chase this. 43,000ish would be a nice pull back, and it would also test the up trendline.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.