BitcoinMis à jour BTC: Will the bullish divergence lead to higher prices?
BTC
Weekly Chart:
The bearish divergence with false breakouts around Nov 21st 2021 is still at play.
Went down through support at 46k ish and testing 40k now.
Stuff on weekly chart takes a while to fizzle out, especially a bearish divergence.
But bottoms take less time to build than tops, so maybe this is it...
Daily Chart:
Bullish divergences formed, by taking out 42333, and MACD and other indicators are less bearish.
Not a high quality divergence, but still a bullish divergence, often the start of a trend change.
If lower prices are in the near future, this bullish divergence should dissolve and not confirm a false breakdown of 42333.
It is already limping, so it won't take much bearishness for the likelihood of 42333 not being a support.
Next support is 35k, in case 40k cannot hold.
Trade safe!
Weekly Chart:
The bearish divergence with false breakouts around Nov 21st 2021 is still at play.
Went down through support at 46k ish and testing 40k now.
Stuff on weekly chart takes a while to fizzle out, especially a bearish divergence.
But bottoms take less time to build than tops, so maybe this is it...
Daily Chart:
Bullish divergences formed, by taking out 42333, and MACD and other indicators are less bearish.
Not a high quality divergence, but still a bullish divergence, often the start of a trend change.
If lower prices are in the near future, this bullish divergence should dissolve and not confirm a false breakdown of 42333.
It is already limping, so it won't take much bearishness for the likelihood of 42333 not being a support.
Next support is 35k, in case 40k cannot hold.
Trade safe!
Trade fermée manuellement
Created a new idea with better chart
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.
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.