MACD bearish divergence on the weekly confirmed
It's gonna be a while. Lower high on the MACD with a higher high in price = no bueno. This is particularly bad because it happened on the weekly timeframe. A hopeful scenario is we get an accumulation period between 40-42k similar to what happened between May and July. Hope is obviously not a strategy, but good luck.
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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.