Bitcoin pushing for new highs? or is this bearish divergence

2년 전

As you can see we have been putting some nice waves in on the 1 hour with a strong trend since the sub $7000 levels & this is expected to continue
however it is important to be aware of both options especially after a strong rally.

Bullish scenario -

  1. We start impulse to 11k and meet Resistance

  2. oversold macd

  3. 1 2 3 4 5 impulse wave

Bearish scenario -

  1. We have support failure & head for $8000

  2. Bearish divergence & double top

  3. expanded flat (b wave exceeds a wave)

Watching out & make plans for for both!

Stay profitable out there!

Dalinhood--

Thank you for taking the time to checkout my technical analysis let me know if you want me to keep them coming in the comments!

If you want to learn how to do TA like this for yourself go checkout my website (Vip video course , Trade signals , Trading view video course , And much more! ) https://highaltitudecrypto.io/

stay profitable out there! :)

18UPcQSGCBRmpXZ6WtHKfAQ7GX1c58wiCu Donations

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

Thanks Dalin, had never heard of the expanded flat B wave before...how does this fit into the more general trend of "higher highs"?

Prophetic, Dalin. You'll always get my upvote with calls like this :)