Hello dear followers,traders and newcomers nor bulls and bears.
In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local bottom because of many factors and indicators
You can see Bear div at the ATH (Indicators going down in overbought area & price going still up)
NOW we can see Bull div near very strong support (Indicators going up in oversold area & price still down)
I also tried to copy the fractal from the run up and reversed it and seems this could be the range where algos can switch
** This is not financial advice, so always trade on your own risk and do your own research first before putting your money in and risking them **
In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local bottom because of many factors and indicators
You can see Bear div at the ATH (Indicators going down in overbought area & price going still up)
NOW we can see Bull div near very strong support (Indicators going up in oversold area & price still down)
I also tried to copy the fractal from the run up and reversed it and seems this could be the range where algos can switch
** This is not financial advice, so always trade on your own risk and do your own research first before putting your money in and risking them **
Nota
The question is not "Is the reversal comming ?" the qustion is more like "When is the reversal comming?" This is so far highly speculative and I will keep you informed about it but in my opinion this is very likely scenario.
Inverted H&S could be forming now and whole sub 4K range is just a bear trap for shorts before trend reversal. The more shorts bears open the bigger the bitcoin bounce. So market need people to believe it is crashing so dumb money will ad shorts now to be rekt (Same kamikadze as longing bitcoin at 19K range)
If the inverted H&S will play out and shorts will be squeezed we could get interesting closing of monthly candle which is very important for mooving averages
Nota
This here might be currently a local top as indicators showing weakness s3.amazonaws.com/tradingview/snapshots/1/1PTmyaz0.pngNota
After a small expected pullback it is still on track s3.amazonaws.com/tradingview/snapshots/c/cp5s3Tf2.pngNota
I´ve added same fractal as previous to see the possible path and I will keep tracking it and will inform youNota
After sucesfull breakout BTC correction in my opinion is on its way and Alts grow on its way tradingview.com/x/BK9kBqXg/. Nota
This is something very interesting. I´ve realized that Gold and BTC have literally the same trend. Check this out .. Im sure that it will shock you imgur.com/a/kWYJhHdAnonymous investor teaches how to master the game towards PERSONAL GRADUAL GROWTH4FREE
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IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Anonymous investor teaches how to master the game towards PERSONAL GRADUAL GROWTH4FREE
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.