All good things are hidden ... not all hope is lost for bulls!
Heya my dear thriving community of hustlers and busters, traders and shillers, movers and shakers hope you are having a tremendous freaki'n day!
I know I have been a bit of a beartard for the last 3 weeks and there have been very well justified reasons for it, however, I can not ignore the clear bullish signal which comes with the high timeframes.
As you can see, there is a massive hidden bullish divergence formed on the weekly timeframe hinting the continuation of the bull run that brought us to near 14K levels.
Obviously there is no guarantee what so ever that this divergence will play out, but it is still something to keep our minds on.
Bitcoin likes to play on signs that has been right in front of our noses the whole time. aaand this divergence has been right in front of our noses since early June, it makes perfect sense for it to play out now instead of weeks later.
If you like my crazy rambling and in-depth updates of the market, please subscribe to my profile and like the post.
Have a great trading day and stay safe!
Let's hope that we don't have to place shorts in upcoming days Bakkt to Bakkt :)
Cheers
Archie
I know I have been a bit of a beartard for the last 3 weeks and there have been very well justified reasons for it, however, I can not ignore the clear bullish signal which comes with the high timeframes.
As you can see, there is a massive hidden bullish divergence formed on the weekly timeframe hinting the continuation of the bull run that brought us to near 14K levels.
Obviously there is no guarantee what so ever that this divergence will play out, but it is still something to keep our minds on.
Bitcoin likes to play on signs that has been right in front of our noses the whole time. aaand this divergence has been right in front of our noses since early June, it makes perfect sense for it to play out now instead of weeks later.
If you like my crazy rambling and in-depth updates of the market, please subscribe to my profile and like the post.
Have a great trading day and stay safe!
Let's hope that we don't have to place shorts in upcoming days Bakkt to Bakkt :)
Cheers
Archie