rsi daily bearish divergence MACD looking to cross down & creating of a rising wedge 3 bearish signals however bitcoin overall is still very bullish .bearish correction could be as small as 200-500$ in a bullmarket
Dear traders, ive been watching charts and i have seen people shorting for 4H divergence etc. Let me tell u if u SHORT in a bullmarket u better have tight stops. Let me remind u last bullrun a 4H bearish divergence had only a prince decline of 1-2.5% . Anyone who was here last bullrun would remember daily 1K+ candels even after a bearish divergence. if u rly wanne...
We had a weekly bearish and daily bearsh divergence in play atm. we should see consolidating before next move up . wait for bullish signs before entering and place stop loss under trendline.
Weekly closes in 5 days BTC EASLY can go back above the trendline and just create a wick ! if ur planning to short make sure u have ur stops ready. i entered at 9935$ 4H bullish divergence long with tight stops R:R not the best but still looking for that bounce
4H bullish divergence but daily show still room to go down looking for a trend reversal in blue zone as always only enter after confirmation dont buy falling knifes
divergence/macd cross no confirmation of trend reversal yet
low volume , and strong resistance.
1-2-3-4H bearish divergence also longs stacking up + nearing the next resistance looks like a good place to open a short for a retrace sOON. still bullish momentum flowing cause of the 1 day bullish divergence we should reach the outside lines of the triangle within a few weeks.