BTC - Huge Bullish Divergence ?
Dear Traders,
I've been gifted the book ''The New Trading For A Living'' and it's a fascinating book.
During one of the chapters, he started talking about one of the most powerful indicators out there, the Divergences. You have 2 kind, the Bullish divergence and of course the Bearish Divergence.
This combined with an Accumulation - Distribution indicator developed by Larry Williams, which was designed as a leading indicator for stocks. It's unique feature is that it tracks the relationship between opening and closing prices, in addition to volume, we can see on my Chart that we are looking at a huge bullish divergence. our A/D indicator shows us that BTC's volume as been growing whereas BTC's price got stable. These ingredients should at one point create a run.
Let's wait for more confirmation before jumping to conclusions!
This market is overly manipulated with bots and what not. Be careful trading crypto.
I've been gifted the book ''The New Trading For A Living'' and it's a fascinating book.
During one of the chapters, he started talking about one of the most powerful indicators out there, the Divergences. You have 2 kind, the Bullish divergence and of course the Bearish Divergence.
This combined with an Accumulation - Distribution indicator developed by Larry Williams, which was designed as a leading indicator for stocks. It's unique feature is that it tracks the relationship between opening and closing prices, in addition to volume, we can see on my Chart that we are looking at a huge bullish divergence. our A/D indicator shows us that BTC's volume as been growing whereas BTC's price got stable. These ingredients should at one point create a run.
Let's wait for more confirmation before jumping to conclusions!
This market is overly manipulated with bots and what not. Be careful trading crypto.
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