BitcoinLong
Serious Bullish Divergence on BTCUSD!
Hey Traders,
As you can see on the 4HR candles of BTCUSD (Bitcoin). Not only was there a massive liquidation, but there was a massive short squeeze. Approximately in the last 4 hours, near
40M shorts were liquidated. (20x-50x) Shorts. About $1-2B Market Value worth. Now on the divergence, the price has been going in a downtrend while the strength of the oscillator has been trending up.
As you can see on the 4HR candles of BTCUSD (Bitcoin). Not only was there a massive liquidation, but there was a massive short squeeze. Approximately in the last 4 hours, near
40M shorts were liquidated. (20x-50x) Shorts. About $1-2B Market Value worth. Now on the divergence, the price has been going in a downtrend while the strength of the oscillator has been trending up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.