BTCUSDT. Divergence on daily MACD confirmed.

١٢ نوفمبر ٢٠٢١

Just an OPINION if it is useful please LIKE and FOLLOW

Hello Traders,

Just a quick update,

1. The daily confirmed a bearish divergence in the MACD (we did not want this to happen).

2. Lack of buying volume in the daily and a significant sell volume.

3. Daily trend is still intact but as we see it is a bit forced.

We believe there is going to be a small shake out.

We were bullish before the divergence was confirmed.

What we did, we are two thirds (2/3) out of our positions to buy below or till the daily divergence gets invalidated.

We have three priorities (from most important to the least)

1. Capital Preservation (live to fight another day)

2. Minimize losses

3. Make profits (just gravy)

Remember every new candle is a new piece of information.

We are sitting it out till the market decides where it wants to go.

Conclusion: We are biased from bullish to neutral for the moment. Short term bearish (this next few days), long term bullish (next three months).

Step by step is the best way. Best of best friends.

Robertus