In this post I am trading divergence using a variaty of indicators. All of them are public excep for the "LIXX Divergence Indicator" which is simply a copy of VMC Market Cipher B, which is also public.
I you have any questions, leave a comment below and I will respond as quickly as I can.
This is an intro to my divergence strategy with the basic rules. I may share more in the future so make sure to follow to stay up to date...
All of the indicators are listed on the chart except for the "LIXX DIVERGENCE LOADOUT", that is just my simplified version of VMC Market Cipher B. (THEY ARE ALL FREE)
Bitcoin is forming a pennant pattern on the 4hr and 1D charts. Although I am still waiting for a retest, this pattern is extremely clear and because of that I believe that it is very strong.
Throughout this drop over the past few weeks, many pennant patterns have formed and almost all of them have resulted in a significant change in price...
Here is one...
Indicators on the chart: VMC Cipher B, [LIXX} Take Profit Indicator, 14 RSI, TD REI, and 7 ATR
I am seeing a possible divergence set up and I will enter if VMC Cipher closes with a blue dot, until then I am neutral.
I will update this post if there is a blue dot printed, and with my target