BTCUSD Short
BTCUSD
Looking short as per previous charts to levels, 37/36k USD to as low as 30,000 USD before continuing long.
D1 Divergence occuring, looking to continue short on a swing trade down to levels shown, this is an area i consider to be a good buy opportunity provided we continue upward into previous ATH or possibly new ATH, i'm unconvinced of this bearish indication and believe it to be a fakeout. i see us continuing upward to previous predicted highs of 78,000USD - 92,000 USD per Bitcoin.
D1 divergence is hidden divergence, however this hidden divergence is occuring in a downtrend which itself has formed within the overarching uptrend of bitcoins price action, this divergence is good in my eyes for a swing trade from resistance down to support where i've shown that i see the RSI and Price diverging once again, hidden divergence, however this time it will be hidden divergence forming in the overall uptrend on the W1 time frame, with a confluence of 4H, D1 & W1 divergence and support being found by bitcoin i consider this to be a strong indication that price will continue to increase, this however remains to be seen and will need to be looked at to confirm this trade long when the time is right and when/if price reaches the levels i've shown to be the target of this short trade.
Good Luck all, please feel free to chime in if you agree or disagree, but if you do please elaborate on your opinion, otherwise it isn't beneficial to anyone.
Looking short as per previous charts to levels, 37/36k USD to as low as 30,000 USD before continuing long.
D1 Divergence occuring, looking to continue short on a swing trade down to levels shown, this is an area i consider to be a good buy opportunity provided we continue upward into previous ATH or possibly new ATH, i'm unconvinced of this bearish indication and believe it to be a fakeout. i see us continuing upward to previous predicted highs of 78,000USD - 92,000 USD per Bitcoin.
D1 divergence is hidden divergence, however this hidden divergence is occuring in a downtrend which itself has formed within the overarching uptrend of bitcoins price action, this divergence is good in my eyes for a swing trade from resistance down to support where i've shown that i see the RSI and Price diverging once again, hidden divergence, however this time it will be hidden divergence forming in the overall uptrend on the W1 time frame, with a confluence of 4H, D1 & W1 divergence and support being found by bitcoin i consider this to be a strong indication that price will continue to increase, this however remains to be seen and will need to be looked at to confirm this trade long when the time is right and when/if price reaches the levels i've shown to be the target of this short trade.
Good Luck all, please feel free to chime in if you agree or disagree, but if you do please elaborate on your opinion, otherwise it isn't beneficial to anyone.
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