CCI Divergence BTC
Hello all,
Pretty straightforward thesis: Going over historical patterns...BTC has shown CCI divergence 3x on the weekly chart. Each of those three occasions was marked by a protected downtrend. Assuming the bears can hold back the current bull rally for the rest of the week, I'm forecasting we have one more move downward before the next bull cycle.
The monthly BTC chart has not shown any bullish divergence (regular or hidden) yet which has been indicative of a long term moves upwards. While conditions for BTC have gotten increasingly positive in the last week...I'm holding off calling it game over for the bears.
Pretty straightforward thesis: Going over historical patterns...BTC has shown CCI divergence 3x on the weekly chart. Each of those three occasions was marked by a protected downtrend. Assuming the bears can hold back the current bull rally for the rest of the week, I'm forecasting we have one more move downward before the next bull cycle.
The monthly BTC chart has not shown any bullish divergence (regular or hidden) yet which has been indicative of a long term moves upwards. While conditions for BTC have gotten increasingly positive in the last week...I'm holding off calling it game over for the bears.
Anmerkung
CCI previous hidden divergence Anmerkung
Divergence Monthly Indicators Anmerkung
Furthermore, while we remain in the channel BTC has been in for the past 10 years, we are at the BOTTOM of the channel. Failure to bounce at these levels would bring us to parts unknown.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.