BTC/USD Bullish divergence on the Daily / BTCLONGS parabolic.
Hello everyone,
Bitcoin has really been quiet these past few days ranging only by about 4%.
For myself, I can say that I feel something is brewing, like the silence before the storm.
During moments like these, when doubt and uncertainty are present, I try to read as many ideas on Bitcoin as I can.
To see what other traders are thinking and what the overall sentiment is.
Suffice to say the overall sentiment now is bearish and so I remain skeptical and look at the other side, trying to make a case for the bulls.
This sentiment was also present during the end of October when Bitcoin fell to 7300$ were it found support. The support that had been established in June, before the final rally to 13800$
A big PUMP followed, 40% in just two days. Although it took almost everyone by surprise, the chart painted a picture for a move like this to happen.
A bullish divergence (number 1) had formed, showing that despite the dump, Buyers showed strength.
And now we have an even bigger bullish divergence forming (number 2), encompassing price action since the end of September.
Big market makers look at the higher timeframes and I believe they see what I am sharing with you now.
So behind the scenes, during these quiet days, they accumulate Long positions. patiently waiting to lite the fuse.
Whether I'm wrong or right, a big move is coming. I'll keep following the market and share my thoughts.
Thank you for reading, happy trading and remember;
There's a difference between knowing the path and walking the path - Morpheus_RED
Bitcoin has really been quiet these past few days ranging only by about 4%.
For myself, I can say that I feel something is brewing, like the silence before the storm.
During moments like these, when doubt and uncertainty are present, I try to read as many ideas on Bitcoin as I can.
To see what other traders are thinking and what the overall sentiment is.
Suffice to say the overall sentiment now is bearish and so I remain skeptical and look at the other side, trying to make a case for the bulls.
This sentiment was also present during the end of October when Bitcoin fell to 7300$ were it found support. The support that had been established in June, before the final rally to 13800$
A big PUMP followed, 40% in just two days. Although it took almost everyone by surprise, the chart painted a picture for a move like this to happen.
A bullish divergence (number 1) had formed, showing that despite the dump, Buyers showed strength.
And now we have an even bigger bullish divergence forming (number 2), encompassing price action since the end of September.
Big market makers look at the higher timeframes and I believe they see what I am sharing with you now.
So behind the scenes, during these quiet days, they accumulate Long positions. patiently waiting to lite the fuse.
Whether I'm wrong or right, a big move is coming. I'll keep following the market and share my thoughts.
Thank you for reading, happy trading and remember;
There's a difference between knowing the path and walking the path - Morpheus_RED