Bitcoin, Bullish Divergence Detected, Opportunity On Long-Side!

2020年9月27日

Hi Traders, Welcome to this analysis, we are looking at bitcoins 4-hour timeframe, I detected some important signs and signals to look at, you can watch in my chart the bullish divergence bitcoin build with declining prices and the MACD rising standing for a bullish divergence existing here, also the MACD formed a crossover. All these factors indicating a step above the meager short-squeezes and into the target zone around 11130 to 11150, when bitcoin reaches these levels it needs to be elevated if it manages to move higher or a pullback happens, as bitcoin has still strong resistance layers there a pullback can be more considered.

Traders it is always important to look on high possible setups which have a good chance to fulfill rather than rushing into bad trades which do not offer the expected goals seen very too often these days, this means we need to keep the speculative approach by side and trade what we see not what we think. The trade can be entered aggressively with an immediate entry or conservative with entry after confirmation above the falling trendline, although the immediate approach is also possible here the conservative one will be much smarter. When bitcoin reaches the preliminary targets it will be interesting how it develops further as a consecutive on the higher timeframes did not do yet.

In this manner, thank you for watching, support for more market insight, good day to you, and all the best!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the markets.