TEXAGG22

More Divergence

BITSTAMP:BTCUSD   Bitcoin
This time we have volume divergence and traditionally this is seen as a bearish scenario, when combined with a 4 hour TD 9 candle and the clear rising wedge we find ourselves in, I would say that all signs point to a hard correction. However, bitcoin has recently gone against the grain of traditional thinking and I don't see any reason it won't continue to do this. Whales know we all check the chart omens and bet accordingly so these days they have been doing a lot of bait and switching and it has been working. So in summary, nobody has any clue what is going to happen and if you are trading right now you are gambling.

Best of luck

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.