TradingView
K_K88
Jun 23, 2021 6:49 PM

Bullish divergence appears on BTC daily chart Long

Bitcoin / U.S. dollarBitstamp

Description

look like BTC appear the bullish divergence on daily chart
Comments
MPauferro
Zoom out, and you will see the truth.H&S.
K_K88
@MPauferro, yeah, you meant the bigger H&S, it has been since the ATH, also death cross was confirmed on daily chart as well
Durbtrade
@K_K88, his comment is rather narrowminded regarding the "truth", wouldn't you agree? if he zoomed out on the 1day like he said, he would also see that btc is up over 7250% in 5 years... kinda left that part out. On top of that, all of these patterns that we see aren't always 100% reliable at predicting future price action. There are head and shoulders all over the place... it's not like they all predicted the course with 100% accuracy 100% of the time. Hardly the "truth" in my opinion. Ofcourse, i'm also willing to publish my own ideas rather than only comment on other peoples work about how they are "wrong".
MPauferro
@Durbtrade, You talk too much, judge others based on a phrase and think you are the smartest guy in the room just because you love your own bla,bla,bla and "fancy" useless TA that you post. As you said, TA is not 100% accurate, and because of that, I don't share my ideas, which could influence others as we see all over the crypto universe, leading so many novice traders to huge losses. By the way, I am bullish in the long term; however, corrections are healthy and necessary in any market. After we go through this correction, we probably will go up. After 20 plus years of trading, I learned to speak less and listen more; and I still learning for sure.
More