BTCUSD extremely bullish despite divergences
アップデート済
Bitcoin just shrugged off a major dump and jumped 40% in a week. 8k USD & 7k EUR showed exactly zero resistance.
Meanwhile, there are obvious divergences in RSI, MFI, & volume. However, these divergences simply mean minor adjustments may or may not come in the next weeks.
As mentioned in an earlier post, the price of BTCUSD only makes sense if you look the log of log. If we take the natural log, at 5k USD it is 2.142 while at 8k it is 2.196 -> only a 2.5% growth! Now, an asset that grow 2.5% a week is bullish, but not alarming at all.
It is very difficult to see the price of BTCUSD fall below 8k at the moment. By December, it is also very difficult to see it below 10k.
Meanwhile, there are obvious divergences in RSI, MFI, & volume. However, these divergences simply mean minor adjustments may or may not come in the next weeks.
As mentioned in an earlier post, the price of BTCUSD only makes sense if you look the log of log. If we take the natural log, at 5k USD it is 2.142 while at 8k it is 2.196 -> only a 2.5% growth! Now, an asset that grow 2.5% a week is bullish, but not alarming at all.
It is very difficult to see the price of BTCUSD fall below 8k at the moment. By December, it is also very difficult to see it below 10k.
ノート
One error: I meant to say it's very difficult to see it fall below 7.6k (blue line), which is the previous high, at the moment.
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。