NikolaGr

BTCUSD Divergence repeating itself ?

Short
BITFINEX:BTCUSD   Bitcoin
BTCUSD


The divergence is better visible on the 4h chart.

The chart speaks for itself but here is a bit more:
We had a strong push up and then 2 waves forming a flag-ish pattern similar to what happened before between 04.07. and 04.09. The price chart and the oscillators are indicating divergence being formed so I would be careful with my positions.
If it drops down again I would expect the closest support to be between the 7500 and 7100 area, however this is not a price prediction but more of a wave analysis. If the divergence is proven wrong I would expect a continued bullrun.
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.