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DumitruAntohi
Sep 18, 2023 1:37 AM

hidden bullish divergence 

Bitcoin / U.S. dollarBitstamp

Description

The week closed on a bullish note and this is a good sign. Key price levels as resistance 27300 and 27450 within this range the price may receive a reaction and go down

there is a very important point that is worth paying attention to, this is a three tap setup pattern on a weekly time period, I marked the price levels on the chart, there I will buy with all my money.

if price falls below the previous low on the weekly time frame, I will consider it a double bullish divergence on the daily time frame
in addition to everything, this will also be a break in the bullish trend and I definitely rule out a price rise above 32,000 in this case.

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bullish trend break
breakdown will occur if the price shows at least two candles
if it is a shadow then I will wait for a bullish continuation and consider it a false breakout

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I won’t sell, I will only buy more if there is a decrease

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this is the next goal I think

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in case the resistance doesn't break

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it can not be so

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it's all bad

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We'll see. everything is not bad here

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this triangle will obviously be worked out

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I don't like all this

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bearish scenario

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here you can buy with caution and readiness to average

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It's too late to buy now, there's no signal

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the instrument is still in a bullish phase
the histogram should change its color only then the signals will appear
my thoughts are that the price can cover the imbalance in the 4 hour period and reverse there

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It doesn't have to happen this way, but it's possible

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on the chart we received a bearish divergence, but the histogram does not yet give such a signal

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for this week

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there is no signal for short positions. There are no bearish divergences on the indicator, which means this is something to wait for

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when the histogram changes color it will mean bearish divergence

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Until the color changes I’m waiting for a new shake-up in the price
It's too early to buy now
perhaps accumulation will occur and the price will go to new highs

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it can not be so

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signals are received only on short time periods within the framework of scalping trading, there is no signal for medium-term trading

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no signals.
bad price to buy
There is no sign of a price drop either.

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there is still no signal for mid-term trading.
trading only within the day

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this is "bybit"
amusingly

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it is possible that after the price corrects the uptrend will continue

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the histogram looks bullish

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intraday trading only
bearish divergence is canceled
the trend is still bullish

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only for swing trading

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Comments
Se7enSkies
Terrible trend line
Se7enSkies
@Se7enSkies I take that back.
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