Macro picture of bitcoin accumulation areas and tops - renko
Make of this what you will, I thought this macro perspective was neat. The lack of bullish divergences and the current structure of this formation we are in makes me think we see a further dip down before up unfortunately. We could also hold here at the level of CVD divergence as support. However in this geopolitical climate, anything can happen.
The green/red bars off renko candles are periods of divergence between buy/sell volume and price (cumulative volume delta). They act as areas of support/resistance very nicely.
If someone can make out a clear bullish narrative from this chart, would love to hear from you.
Overall, I remain long
The green/red bars off renko candles are periods of divergence between buy/sell volume and price (cumulative volume delta). They act as areas of support/resistance very nicely.
If someone can make out a clear bullish narrative from this chart, would love to hear from you.
Overall, I remain long
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.
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.