Pratik_4Clover

Divergence detected on 15 min TF in BTC

Long
INDEX:BTCUSD   Bitcoin
Possible reversal here as we are seeing price and volume/money flow divergence.

Unfortunately not seeing enough orders to pull the move yet, might be there in few more candles.

This usually means one of the two things;

1. Big money is in two minds and haven't yet committed to the move.

2. There is decrease in overall interest in trading session.

We can expect this to change soo, something will give somewhere.

However, if we fail to produce enough volume to give result to our divergence, it could mean there is failure of buy side and we might fall more sharply.

So lets stay on positives side and hope buy volume comes.

But keep an eye out, don't doze off!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.