You cannot deny, the power of the divergence as shown above here on 12hr chart. Extremely powerful insight into future price direction, coupled with additional confluences can be a devestating approach to managing positions.
As can see past divergence patterns have been met with a rally to the upside.
As can see past divergence patterns have been met with a rally to the upside.
Comment:
Bitcoin arrived at first target and held up at the red level of resistance which is our daily swing area. Could we see a retrace to 41.5k for a retest of support?
