Hi guys,
As the price of Bitcoin is stumbling below 50k some bearish divergences have become extremely obvious at this time. Not all divergences poses supernatural powers they’re often attributed to, I know. However, the volume along with momentum (MACD has been putting in lower highs and lower lows) has become rather concerning from bullish perspective in my humble opinion. I’ve outlined previous lows on the daily chart. How low is BTC going to retrace, if at all?
Please share your thoughts.
Happy trades!
As the price of Bitcoin is stumbling below 50k some bearish divergences have become extremely obvious at this time. Not all divergences poses supernatural powers they’re often attributed to, I know. However, the volume along with momentum (MACD has been putting in lower highs and lower lows) has become rather concerning from bullish perspective in my humble opinion. I’ve outlined previous lows on the daily chart. How low is BTC going to retrace, if at all?
Please share your thoughts.
Happy trades!
