Price showing short-term bullish divergence, and according to my observations of the movement of prices between levels of hype Fibonacci extensions, means price top at 2.618 level, it might go to Fibonacci level 1 and rebound up to 1.618 and 2, and after it crashing down to 0.382. But it seems this should follow in celrbtc chart as well.
Hi Artem is here!
Price showing regular double top with bearish divervegence. To trade on retracement I am looking for bullish divergence and rebound to the highlighted levels on the chart!
Check this out: price of BNBBTC going ahead of Bitcoin market at the moment, giving the opportunity to look into the future of Bitcoin!
On the yellow line we can see short-term retracement really closely to the moving-averages.
After it price making Expanding Wedge or rising channel with fakeout and higher highs, showing us bearish divergence on the RSI...
Hello, nice setup showing up on Bitcoin it reminds me BNBBTC price chart.
Why Binance Coin can help Bitcoin make next move?!
Let's take a deeper look.
On Binance Coin we having a triple top Expanding wedge (or rising channel) it have a bearish divergence inside:
But even after this Strong bearish signal for sell market...
Expecting price movement inside expanding wedge within upcoming next months to form bearish divergence and revisiting 7600 price level area, to make another motive impulse leg up
SHORT accumulation area 8400-8300-8200-8100
Fix them in long-accumulation area:
LONG accumulation area 7400-7500-7600-7700
Targeting 8200-8400-8600-8800 and more
GOLD showing movement inside Descending Wedge in possible re-accumulation with double (red and cyan) bullish divergence on 4h chart. Soon we will hit 1300$ resistance level and with opportunity to rebound in 1250$ with even bigger bullish divergence