As in my previous post, the bearish divergence for 4H timeframe has played out.
Now, at the same time we are also seeing Bullish divergence, it may be opportunity for short-term trade, but if price broke 63.4k, Bullish divergence is invalid. For long-term, I am not that bullish and the worst case it may go side way.
Be cautious, not to forget today's daily candle closed slightly below fib 0.618 support.
Take care.
Previous post:
https://www.tradingview.com/chart/BTCUSDT.P/BdrEnqB3-BTCUSDT-4H-Bearish-divergence/
Now, at the same time we are also seeing Bullish divergence, it may be opportunity for short-term trade, but if price broke 63.4k, Bullish divergence is invalid. For long-term, I am not that bullish and the worst case it may go side way.
Be cautious, not to forget today's daily candle closed slightly below fib 0.618 support.
Take care.
Previous post:
https://www.tradingview.com/chart/BTCUSDT.P/BdrEnqB3-BTCUSDT-4H-Bearish-divergence/
Note
Price is still above 63.4k, if break I will prefer lower price coming. For now , still have a chance to bounce.Note
Retesting the trend line - watched out.Note
Bullish divergence has well play out. I will take profit now.
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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.