Hello traders!
Below is the default MACD setting.
Bitcoin was avoiding divergence for 5 days and yesterday it gave a cross in MACD and we saw a bearish candle today and now it will find support to move up again.
We can follow the trend channel as the first support and if it falls below the trendline then we will see the fakeout patterns below the trading channel. These fakeout patterns do not change the trend but it pushes the market back in the trend.
There are many shapes of fakeout patterns. If it forms any fakeout pattern then I will post the chart here so that people don't fall into a fake sell trap.
Many usdt pairs are falling with it so becareful.
Hit the like button to support the idea and follow to stay connected.
Below is the default MACD setting.
Bitcoin was avoiding divergence for 5 days and yesterday it gave a cross in MACD and we saw a bearish candle today and now it will find support to move up again.
We can follow the trend channel as the first support and if it falls below the trendline then we will see the fakeout patterns below the trading channel. These fakeout patterns do not change the trend but it pushes the market back in the trend.
There are many shapes of fakeout patterns. If it forms any fakeout pattern then I will post the chart here so that people don't fall into a fake sell trap.
Many usdt pairs are falling with it so becareful.
Hit the like button to support the idea and follow to stay connected.