BitcoinUpdated Divergence and an ascending triangle
Tri-star pattern on BTCUSD 4H as well as a fake breakout, MACD with divergence indicating downside. However the ascending triangle pointing upwards. I will wait for a confirmed breakout upwards and a close above the resistance.
BTCUSD 4H as well as a fake breakout, MACD with divergence indicating downside. However the ascending triangle pointing upwards. I will wait for a confirmed breakout upwards and a close above the resistance. Note
We are now above the line of the ascending triangle. However the MACD is still pointing downwards and I remain cautious at this point. Divergence usually dictates price direction 
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.
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.