Swing short btc to support (4hr MACDH divergence)

Nice divergence here in BTC on the 4hr MACDH as we popped 50k for me to take my first swing short in Bitcoin in ages. That 4hr candle looks like a short term top to me before we move higher to 70k. Kind of a gravestone doji, long legged one anyway which signals a top. Sorry there is an error on my chart above that I cant fix after posting, it should say MACDH very bearish not bullish.


Here is the long legged candle a bit more clearly.

I'm still overall bias long BTC as per my earlier posts which I expect to play out, but I like to swing trade these extreme set ups when they come to support lines for extra profit.

Trade closed manually:

Bitcoin makes me laugh, its now virtually impossible to take effective shorts we had a great signal yesterday which I had to close out around break even with the uptick again in the MACDH signal which negated this trade

Here on my twitter is the post zero hedge put up with bollards comment that BTC at 50k isn't a threat and is normal investing, up we go again then lol

Comment:

twitter.com/bre...948011044220930?s=20

Comment:

One thing to note is that when extreme bearish divergences get taken out as we saw yesterday that indicates incredible buying power in the market. This should act as a catalyst for much higher prices now

Trade closed: target reached:

Great ramp up in bitcoin prices over the weekend until musk weighed in saying something along the lines of bitcoin price being too high. I'm all out with the 15 min death cross around 55k until things settle down again