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Mayfair_Ventures
Jul 9, 2021 8:14 AM

Weis Divergence on BTC - So what? 

Bitcoin / United States DollarCoinbase

Description

Here's a quick video view of the Weis Divergence - I have highlighted the up volume & hidden the down volume. For me this is showing a lot of effort and very little result. Actually retail efforts for the price to move lower.

See the COT & Elliott view also inside the video.




Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Comments
Spine72
hidden treasures, thx
Mayfair_Ventures
@GuiBechard, Glad you found it!
Slinkman
Thank you. Your ideas and streams are the best.
Mayfair_Ventures
@Binzaydan, Thank you very much!
SmokeyRidgeTrader
Thank you @Mayfair_Ventures🐢
Mayfair_Ventures
@RowdyRoddy328, Cheers Rowdy!
jreyest
There is some differences between exchanges, but the picture is similar. I follow Bitfinex charts. On the Bitfinex BTCUSD chart there was a glorious night on June 26/27 that seemed to bring new momentum, with high volume for several hours. But as the price went up, the volume went down. From then on the volume went from bad to worse. Some spikes yesterday in the 1 hour chart, when the price reached 32,000, but nothing more.
Mayfair_Ventures
@jreyest, yes very little volume at the moment
esorlegin
Da iawn - Diolch.
Mayfair_Ventures
@esorlegin, dim problem
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