TradingView
aloo2k
Oct 4, 2021 1:56 AM

BITCOIN - Bearish Divergence, Higher Low and then Moon 💥💥💥 

Bitcoin / TetherUSBinance

Description

â‹…
Hey everyone,

The explosion was here! We broke the falling wedge. Now, what do we see?

We have a bearish divergence. The price goes up but the MACD and RSI are heading down to 42.5K. This means that the bulls are weakening and we might need a breather before we head up again.

In fact, I realized that if we do a higher low, this means that we are forming an inversed head and shoulders! Well, that's just a speculation. I'll wait for the confirmation.

Trade safely my friends,

Aloo2k
More