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TradingClue
12. Sept. 2019 23:31

Bearish Divergence on the XBTUSD 1H Chart Short

Bitcoin / U. S. DollarKraken

Beschreibung

We do see a bearish divergence on the XBTUSD 1H chart (Kraken) at the end of this week.
Looking at the daily chart the current green candle looks like a temporary peak but it still seems to be a downtrend.
Going back to the 1H chart, we see that the bearish divergence is followed by two red candles - that might indicate the end of the uptrend.
Profit target is the level of the weekly pivot at 10099. If your going to put in a trailing stop, I think that 10280 would be a good level.

Trade geschlossen: Ziel wurde erreicht

Profit-Target was hit:
Kommentare
NecRose
Thanks for not including MACD or RSI. We can’t see any divergence that way, really cool.
TradingClue
@NecRose, you're right - I forgot to mention, that I used the AutoDivergence Study to detect Divergences. I did put the text "Bearish Divergence" above the red mark that indicates the bearish divergence of price vs. momentum.
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