As evident from the chart, a robust divergence pattern has emerged on the histogram, and this trend is reflected across various indicators, signaling that our prices have reached a pinnacle.
While it's uncommon to witness a triple divergence, typically a correction follows two, and currently, we find ourselves in this precise scenario.
There may still be potential for the market to ascend further, a cautious approach to shorting is advised. Consider establishing short positions incrementally on a daily basis.
My confidence in Bitcoin's upward trajectory in the coming weeks has waned.
I anticipate a decline, possibly to the $34,000 zone. Subsequently, a thorough evaluation of the market conditions will be imperative.
While it's uncommon to witness a triple divergence, typically a correction follows two, and currently, we find ourselves in this precise scenario.
There may still be potential for the market to ascend further, a cautious approach to shorting is advised. Consider establishing short positions incrementally on a daily basis.
My confidence in Bitcoin's upward trajectory in the coming weeks has waned.
I anticipate a decline, possibly to the $34,000 zone. Subsequently, a thorough evaluation of the market conditions will be imperative.
Comment:
Potential move:
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Comment:
Zone 44k is actual
Comment:
2021 and 2022