Bear Divergence on both 1H and 1D BTC/USD
Updated
Hiya again guys!
We hit our target from last night, however we have evident Bear Divergences on both 1H chart and Daily Chart.
The Daily Chart is a Hidden Bear Div, which typically occurs during retracements.
I'm sharing the 1H Chart here, but feel free to check out the daily for yourself.
Expect a retrace after a 2,000+ point move, first Support Target is the 6K Ascending TL with second Support Target at the 7.8K Ascending TL.
The Support are Dynamic, as the TL support shifts over time, so adjust accordingly!
Cheers,
Happy Trading.
We hit our target from last night, however we have evident Bear Divergences on both 1H chart and Daily Chart.
The Daily Chart is a Hidden Bear Div, which typically occurs during retracements.
I'm sharing the 1H Chart here, but feel free to check out the daily for yourself.
Expect a retrace after a 2,000+ point move, first Support Target is the 6K Ascending TL with second Support Target at the 7.8K Ascending TL.
The Support are Dynamic, as the TL support shifts over time, so adjust accordingly!
Cheers,
Happy Trading.
Comment
Bear Div played out nicely on the 1H, great profits at SUPPORT.Happy Trading!
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