BTC 4hr Hidden Bullish Divergence?
As the world turns bearish over fears of world war and these concerns are real and should be taken seriously it has not shown up in full force on our charts yet.
It certainly may but for now BTC is still holding its uptrend, developing some curvature to the upside with bullish divergence on the 4hr momentum oscillator and signaling another move to the upside.
The question becomes do we just create a right shoulder or do we blast through for a continuation to 39k.....
On our last two chart posts and videos we discussed both scenarios as both are equally valid.
Currently holding a short from this last high and still holding long positions from below. IF we loose the trend below then expect lower prices and targeting 23k.
IF we just come up and put in a right shoulder near our current high looking to add to a short position.
Trade Well.......
It certainly may but for now BTC is still holding its uptrend, developing some curvature to the upside with bullish divergence on the 4hr momentum oscillator and signaling another move to the upside.
The question becomes do we just create a right shoulder or do we blast through for a continuation to 39k.....
On our last two chart posts and videos we discussed both scenarios as both are equally valid.
Currently holding a short from this last high and still holding long positions from below. IF we loose the trend below then expect lower prices and targeting 23k.
IF we just come up and put in a right shoulder near our current high looking to add to a short position.
Trade Well.......
