BTCUSD - Short Term Divergence
The bitcoin price has back back up to retest previous support, now resistance and currently looks like it has created a a lower high.
RSI14 and the price is making an argument for 2 divergence patterns:
Hidden Bullish Divergence (Higher Low Prices and Lower Lows on RSI), which is a continuation pattern to the upside.
Bearish Divergence (Higher High Prices with Lower Highs on the RSI), which is a reversal pattern. However, it is not well formed as the bullish continuation pattern.
For now, we are going to exit our laddered shorts at $9.5, if the price moves up above 9.65K and look are a better entry either to the long side or the short side.
Sometime trading is a about picking your battles. Cheers and happy trading :)
RSI14 and the price is making an argument for 2 divergence patterns:
Hidden Bullish Divergence (Higher Low Prices and Lower Lows on RSI), which is a continuation pattern to the upside.
Bearish Divergence (Higher High Prices with Lower Highs on the RSI), which is a reversal pattern. However, it is not well formed as the bullish continuation pattern.
For now, we are going to exit our laddered shorts at $9.5, if the price moves up above 9.65K and look are a better entry either to the long side or the short side.
Sometime trading is a about picking your battles. Cheers and happy trading :)
Smart Crypto Association [ SCA ]
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Smart Crypto Association [ SCA ]
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.