BITCOIN - Bearish Divergence, Higher Low and then Moon ðĨðĨðĨ
Hey everyone,
The explosion was here! We broke the falling wedge. Now, what do we see?
We have a bearish divergence. The price goes up but the MACD and RSI are heading down to 42.5K. This means that the bulls are weakening and we might need a breather before we head up again.
In fact, I realized that if we do a higher low, this means that we are forming an inversed head and shoulders! Well, that's just a speculation. I'll wait for the confirmation.
Trade safely my friends,
Aloo2k
The explosion was here! We broke the falling wedge. Now, what do we see?
We have a bearish divergence. The price goes up but the MACD and RSI are heading down to 42.5K. This means that the bulls are weakening and we might need a breather before we head up again.
In fact, I realized that if we do a higher low, this means that we are forming an inversed head and shoulders! Well, that's just a speculation. I'll wait for the confirmation.
Trade safely my friends,
Aloo2k
