649bruno
Short

BTCUSD Update: Bearish Divergence Part 2

BITSTAMP:BTCUSD   Bitcoin / Dollar
190 0 6
Part 2 of 2. If you looked at the previous chart, which was daily, you saw mixed signals.
This is a four hour chart.
Here are the negative warning signs:

1. Sell Fractal (red box).
2. Your compass for direction, the alligator , is feeding in a down trend.
3. The 5/34 MACD (top middle) has a bearish cross.
4. The phase energy (top lower) is negative, with a zero line cross.
5. CHOP is almost below the shaded area (38.2).
6. CHOP ZONE is red, indicating a downward bias.
7. Prices are trading in the Ichimoku Cloud .
8. Prices are below the red Ichimoku Cloud conversion line.
9. Prices are below the Ichimoku Cloud baseline.
Want odds? 75% odds down (because of the sell Fractal and alligator direction), 25% odds up/ sideways (CHOP not yet indicating trend).
What to look for: if there is to be a breakout move lower, CHOP must fall below 38.2 (below the shaded area) to confirm the trend.
There are more negatives than positives. In my opinion, use tight stops if you are long.
Good luck to you in all your trades. Don.





United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out