Trader_ph

BTCUSD intraday MOM Bearish divergence: Short sell

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
As bitcoin passed 30000 dollars hours ago, as always, there is a downside to everything. MOM divergence spotted at a 15-minute interval. Day traders, hooray!

Recommendations:
Short sell when price breaks below MACC(my own indicator)

Profit when the price goes above a green line at MACC

Use my MACC indicator to maximize profits. Won't you want that? πŸ˜πŸ‘


Happy trading! Happy new year! Happy Bitcoin!

Comments

bearish divergence has not played out at all for the past month or so. Bearish divergence is more like "temporary less bullish divergence" and then ignores all potential bearish setups (ex: rising wedge, H&S patterns, etc)
+2 Reply
@flai54, Usually the divergences work out. Momentum is one of the most effective divergence detection indicators. And the day traders may take a profit, driving prices down for now.
Reply
Mezmon2 Trader_ph
@Trader_ph, I think the problem is there is very big money that isn't day trading BTC anymore and any. Price is high but the percent swings aren't worth the risk when the long term 2021 EOY potential is 6 digits.
Reply
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