Hidden divergence in BItcoin looks a strong buy.
Updated
My thoughts on BTC current price action with some education from my 30 years of trading experience.
If we get a fake break of what some traders might see as a head and shouders on the 4hr thats a great buy signal or we could begin to enter now at around 26500 if we see the bull flag.
Great divergences on the daily indicators- see video and rising 200 MA. All very strong bullish signals.
If we get a fake break of what some traders might see as a head and shouders on the 4hr thats a great buy signal or we could begin to enter now at around 26500 if we see the bull flag.
Great divergences on the daily indicators- see video and rising 200 MA. All very strong bullish signals.
Trade active
Entered my long as per video above on the head and shoulders fakeout as shown
Trade closed: target reached
Price starting to move rapidly up now towards the 28500 level as predicted. The key will be can it get there before the daily 100 period MA curls down beneath the 200 MA. The 200 is still rising though and so i think its likely we will hot the 28500 and perhaps move higher. Let's watch it closely and see as anything can happen.Trade active
Thats an error above- trade is open not closed and still rollingTrade closed: target reached
Profits taken at 28500 target. Almost a 10% move on this trade from 26500.
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