Get started
Short
Updated

Fantom / BTC - bearish divergence

1 093
Not enough time to explain this one thoroughly, but I noticed the majority of tradingview ideas are long. There's a high number of oscillators showing bearish divergence with price action on the above daily chart following the 'incredible sell' signal.

On each occasion price action corrected at least 50%.

If you're well into profit now is the time to protect them.

WW

weekly chart
snapshot
Trade active
Price action becoming very bearish (as is dollar chart):

1) Bearish engulfing candles.
2) Pi-cycle top alert (look left)

snapshot
Trade active
Down almost 50% so far. A break of market structure is confirmed.

snapshot
Trade closed manually
Despite the continuing broken market structure and 75% correction a trend reversal is now highly probable.

On the 2-day chart below a bullish divergence is printing following a 'incredible buy' signal.

snapshot
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Also on:
Multiple Time Frame AnalysisOscillatorsVolume

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Multiple Time Frame AnalysisOscillatorsVolume
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.