BTC and some other alts are forming a bart (ETH is shown), which is similar to the previous pattern. When I said similar, I hate to say that they are identical.
Let's not predict where this is going. I am scalping this range before anticipating completion of the bart.
My previous analysis, which is bearish, is still in effect. If you are trading long term, you will not go wrong in shorting this.
Let's not predict where this is going. I am scalping this range before anticipating completion of the bart.
My previous analysis, which is bearish, is still in effect. If you are trading long term, you will not go wrong in shorting this.
Note
This divergence I am sharing with you seems to determine the direction of price action after the completion of the above mentioned bart. This divergence is just starting to take effect.
After bart --> long --> "short long term"
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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.