Take a look at 2Days BTC price timeframe. As you can see we got a bearish MACD cross after the divergency. Also I noticed a biger ADX divergence which means that the strength of the trend is fading. May be it could bring as to 24K next 1-2 weeks. What do you think?
Bullish divergence on the MACD and ADX. Price near last low. Low risk play with high potential in the short term.
My favorite long term bio setting up for a bullish move. Price bounced off support with a bullish hammer candle on higher relative volume, with bullish divergences on both the MACD and ADX. Possible long setup in the short term. Entry: 11,30 area Short Term Target: 12,80 area Stop loss: 10,50 area -- Fundamentally I expect this to go $100+ by 2025.
*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================= An update from my last chart dated 26th May: Have updated chart with: 🔸fibonacci confluence zones, 🔸added 21 EMA, *note we had a few close under this EMA on the daily 🔸added Golden and Death cross indicators 🔸added the ADX / DI...