Bitcoin counter trend bounce on Daily
Same set-up as my other post on the Weekly, but this is Daily.
1- We have a strong level
2- We have divergence
3- We have heavy volume picking up compared to the previous volume
Notice how price moved back to the Weekly open at 7000 area yesterday.
Bitcoin is not immune to charting. It is very volatile and can move, but charting does show fear and greed at points of interest.
1- We have a strong level
2- We have divergence
3- We have heavy volume picking up compared to the previous volume
Notice how price moved back to the Weekly open at 7000 area yesterday.
Bitcoin is not immune to charting. It is very volatile and can move, but charting does show fear and greed at points of interest.
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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.