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Radoof
Sep 9, 2018 3:34 PM

1-hour Analysis: Short Position Short

Bitcoin / DollarBitfinex

Description

Hi Dears,

In the 1 hour clock frame,
Hidden negative divergence seen.
it will likely be bear market.

But remember that nothing in this world is 100%

Good Luck
Comments
flyinkiwi10
Let's see, I'm waiting for something closer to $6500+ before entering short. Sorry, I don't understand how this is a divergence, the MACD histogram is shoeing higher peaks - because of the small but sharp price rise. Stoch and price trend-line are similar. No divergence in my opinion. Also there should be another small 5 waves up to end the correction before wave C starts - down to between $5300 to $4800. My reading of the situation based on EW.
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