TradingView
ChartsAvenue
May 15, 2023 5:25 AM

BTCUSD Daily Chart Long

Bitcoin / U.S. dollarBitstamp

Description


MACD (using histogram) bullish divergence.

On Friday, the price broke below this level and coming back above it to confirm again this old resistance as new support and creating a hammer candle.


Comment

apologies for my broken notes above... here's how it should "sound":
On Friday, the price broke below $26535 (black dotted line) and coming back above it to confirm again this old resistance as new support and creating a hammer candle (bullish price reversal) + bullish divergence on the MACD histogram (blue lines)

Trade closed manually

price breaking below the support level...
More