Looks like 30K isn't too far away after all !
Major confirmation took place at $27,000 last night when 2H MACD crossed to upside after forming bullish divergence. Buckle up - the real FOMO pumps may just be starting as BTC smashes the Weekly and Daily bearish divergence signal everyone including myself has been warning about and trying to hedge against.
Major confirmation took place at $27,000 last night when 2H MACD crossed to upside after forming bullish divergence. Buckle up - the real FOMO pumps may just be starting as BTC smashes the Weekly and Daily bearish divergence signal everyone including myself has been warning about and trying to hedge against.
Comment:
The pump definitely exceeded expectations. Market sold my position at $33,300 this morning. Laddering buys starting from $30,700 to $30,000 hoping to catch the 4H 50EMA retracement. However, if further upside is confirmed on 1H candles through the confirmation of a bullish divergence, I will be buying back in hopefully below my exit price. Without confirmation, I will expect this daily candle to form a major bearish signal as it will have less volume than yesterday, double wick, and if it doesn't close above $33,350 that will mean the body of today's candle wouldn't cover yesterday's wick - would paint an overall bearish sign signaling BTC to pull back on daily timeframe.