Uptrend & downtrend Bitcoin cycles
Hello, everyone!
As you already know I have the long position on Bitcoin, the signal was generated by the true bullish divergence. Today I wanna show you how this signals broke the trend in the past.
You can see on the chart that whenever the true bearish divergence appeared on the chart, the price went down very deep. In the summer 2021 at the very bottom the divergence was the signal of the new bullish trend. We can see that now we also have this signal. Will it cause the new uptrend this time?
As you already know I have the long position on Bitcoin, the signal was generated by the true bullish divergence. Today I wanna show you how this signals broke the trend in the past.
You can see on the chart that whenever the true bearish divergence appeared on the chart, the price went down very deep. In the summer 2021 at the very bottom the divergence was the signal of the new bullish trend. We can see that now we also have this signal. Will it cause the new uptrend this time?
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