DUSK/BTC - Divergences everywhere! Can it break out?

22. Jan. 2020

DUSK is setting up for a nice trade despite the bearish market structure. Can the bulls push it up higher? I think it's possible.

My reasoning:

• Structure: Falling wedge chart pattern getting very tight.
  
• Divergence: Confirmed div in histogram , divs in willy and RSI.
  
• Volume: OBV is strong, showing a lot more buyers than sellers despite the falling price. Divergence since late November.
  
• VPVR: Below the POC, however the notch above coupled with the strong volume coming in I think we can fill it.
  

Falling wedge pattern (stockcharts): school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal

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22. Jan. 2020

Trade ist aktiv

28. Jan. 2020

Trade geschlossen: Stop wurde erreicht

The answer is no! Despite the incredibly bullish setup, there was absolutely no follow through and we lost support once BTC started gaining momentum. An altcoin trader's life ;-)