BustyDusty

Divergence on the daily, what could happen ?

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BustyDusty Atualizado   
BITSTAMP:BTCUSD   Bitcoin
Divergence occurs when the indicator fails to imitate the pattern on the price chart, a sign of trend weakness and likely reversal. In an up-trend, if the price makes a new High (a higher peak than the last) but the indicator fails to do so, that is a bearish divergence.

You can see the supports that can resist the price fall However, 30k is strong support breaking it will get the price to the bottom at 20k.
Comentário:
wait the price to see if it will break 42k or retrace.
Waiting for the candle to close depending on your trading speed is important.
Comentário:
price reached above ATH.
It didn't break 42k so no longer valid, and changed to a long position signal after crossing up 58k.
Trade fechado: objetivo atingido
Aviso legal

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