piroozman

The negative REGULAR Divergence in BTC

BINANCE:BTCUSDT   Bitcoin / TetherUS
As the undisputed leader in the Cryptocurrency Market is Bitcoin, a clear negative divergence can be seen in the three oscillators MACD, Momentum, and especially in the RSI. Negative divergence of type (REGULAR) is one of the most important techniques in determining the future of market trends and shows a decrease in the power of buyers in the market. Therefore, in this post, I warn those who work in this market, be very careful and do not do heavy buying at the moment. I recommend that if you are in profit, gradually get out of your symbols and change your assets to FIAT like USD, EUR, USDT or etc. Because selling pressure will increase the price of base currencies such as USDT.
Also, be careful about buying BTC. It is better to allocate your purchase to a figure higher than the previous ceiling (61844 USDT) (with caution). There seems to be a major correction of this crypto and it will definitely have a significant impact on other markets.
This is just a warning and a recommendation and there is a possibility of violation. Therefore, you are the final decision maker.

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