Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
- Bullish divergence on 2-hour timeframe signs we might very well be breaking bear market resistance on next try - The descending orange line is the overall bearish downtrend since 2017's all-time-high; it's only logical that we are having difficulties passing this line as obviously some opportunistic day-traders think this is a good point to take short positions. Given the limited amount we've been going down despite these additional sell orders and given the bullish divergence mentioned above, we might very well see they are very wrong and that their stop losses will function as extra fuel for upcoming bull run.