one bottom divergence fails more of the bottom divergence in for
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Last night's bottom divergence of a 30-minute chart caused a series of ripple effects.
The market is very obvious, after the bottom divergence of the 4-hour chart failed, the bulls did not give up. So I kept stressing yesterday that the situation here is different from the situation at the end of 2018, and that it is not a simple exercise.
Yesterday, okex's bulls in the case of losses, insist on adding positions, eventually leading to the bitmex short close positions.
However, the Rising quotes is not over, the bottom divergence of the daily chart after the formation, we see the 3-day chart also has the opportunity to form a bottom divergence. As I said, the 3-day chart bottom divergence in 2018 led to a 50% rise. So christmas, the bulls owe you a gift.
Suggestion: the bottom of the daily chart divergence formation, will not only a day of rising quotes, but high buy is not a good strategy, you can look for low entry, such as "N word line" opportunity, if Bitcoin broke through the daily chart ma36, then the Christmas gift has fallen.
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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.