Maddie

Bitcoin: buy opportunity ahead

Short
BITSTAMP:BTCUSD   Bitcoin
Hi guys,

Guess what?! Maddie is back!
But this time it's different because: I'm bearish. I think this is one of my first bearish charts ever published on TradingView. I hear you guys thinking, whuut, Maddie is bearish?! how in the world is that possible. Well, let's keep things short. For now I'm bearish, short term :) But still bullish on BTC overall. BTC has to much potential to be bearish for to long. Let's say this bearish chart wil give us a perfect new buy opportunity.

On this 4h chart I've spotted negative divergence. Which is - as you probably know - one of the best tradeable indicators in bitcoinland. The volume is going down, so is the RSI but the trend is still going up. We all know what this means. Just keep an eye on 7819 to break.

Good luck trading!

Maddie

Related Ideas

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.