BITCOIN- HIDDEN BULLISH DIVERGENCE! BULLISH SOON.!
Updated
Hidden Bullish Divergence has been spotted on BTC USD chart.
For those who don't know about it, hidden bullish divergence Indicates underlying strength.
It occurs during a correction in an uptrend when the oscillator makes a lower low while the price action makes a higher low. This indicates that there is still strength in the uptrend and that the correction is merely profit taking rather than the emergence of strong selling and is thus unlikely to be last long.
Thus, the uptrend can be expect to resume.
TIME FRAME: 2H
PRICE: HIGHER LOW
OSCILLATORS: LOWER LOW
I am expecting a good Bullish movement soon. And with expiration of CME quarterly contract, it becomes imminent for BTC to rise soon.
This is just a small update so that you guys can keep an eye out this.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
For those who don't know about it, hidden bullish divergence Indicates underlying strength.
It occurs during a correction in an uptrend when the oscillator makes a lower low while the price action makes a higher low. This indicates that there is still strength in the uptrend and that the correction is merely profit taking rather than the emergence of strong selling and is thus unlikely to be last long.
Thus, the uptrend can be expect to resume.
TIME FRAME: 2H
PRICE: HIGHER LOW
OSCILLATORS: LOWER LOW
I am expecting a good Bullish movement soon. And with expiration of CME quarterly contract, it becomes imminent for BTC to rise soon.
This is just a small update so that you guys can keep an eye out this.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
Note
This is what i see at the moment:1. The price is moving in the middle of the Bollinger band and the band id shrinking up. Some movement are expected soon.(up/down)
2. The price has been forming a symmetrical triangle which is coming to an end. Again, some move is expected soon. I am expecting it to break upwards.
3. On the downside, EMA(26) is acting as a good support. So, if it tries to fall down this support should hold. As per me, 8k is the point of maximum for at this time. 8k level should hold.
4. If it breaksout of the triangle, it should have a good rally to atleast 8400.
Note
Perfect Rebound from 0.5 Fibonacci level on shorter TF.Note
Note
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
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