commonretrace

BTC Divergence On Multiple Time Scales

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hey gang.

People are making mention of the Bearish Divergence on the 4 hour chart.

I'd just like to remind everyone that BTC is showing about as much Bullish Divergence as one could ask for on the 3 day chart and even moreso on the weekly.

This is on both oscillators.

We may retest the PCZ of this Bullish Cypher pattern in the coming day or two, but it wouldn't make a lot of sense for BTC to go much lower than that.

DISCLAIMER: I AM a professional financial advisor to the stars and this IS financial advice - put all your money into a paper bag and then set the bag on fire. You will become rich upon waking the very next morning. This is not a joke and could never be considered a joke in a court of law. THAT'S for SURE.

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What's your opinion about the weekly MACD cross?
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