due to the previous post, divergence was confirmed and the pullback has been completed. bitcoin price could not move above the trendline. possible supports are shown. and THE DAILY negative divergence is also seen in the RSI.
I have posted a chart on Aug 10 and said about the negative divergence in bitcoin chart. the trend line broke and the negative divergence confirmed so the price decreased. for now bitcoin is pulling back to the trend line. for the next hours we will see if it is just a pull back and the price will decrease more after pull back has completed or the bitcoin price...
I am not doing NQ because most of my money is into oil and Russell. But if I was into NQ now I would not be going for a long. The big negative divergence on RSI Makes me wiggle uncomfortably.
. I am not to say that NQ will,dump big here. But I say a long here would not be wise for me. I don't know if others see to. But I do say be careful..
BTC have a strong support at $34000 and $32000 but it's possible loss these supports. I can't see lower than $31310.
crab harmonic pattern:
S&P 500 Index continues to trend higher in the short term. There is some negative divergence as exhibited in the RSI and KST which may signal a pullback in the index.
If pullback does occur, support is observed around the 4300 price level
My first analysis so please dont sue me .. Its obvious from the chart that Silver was overpriced with all the FOMO buying.
Time for Silver Bulls to take some profits. Overall its Bullish in the long run, So buying the dips / Limit Long would be recommended.