Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it is FINANCIAL ADVISED.
WHAT IS BULLISH DIVERGENCE?
Price divergence – bearish and bullish – in the crypto space can sometimes determine future price direction.
Higher chart time frames often yield stronger, more impactful results.
Combining market signals for confluence can be important when conducting technical
Everyone in crypto wants an answer to the golden question: where will the bitcoin price go next? Although no one truly knows future price action until it happens, price divergence can sometimes be used to help answer that question.
Divergence occurs when price makes higher highs, while indicators paint lower lows or vice versa. Simply put, divergence is when price direction contradicts indicator direction, creating a noticeable conflicting pattern.
Let's get to the BTC chart as we can see in the chart that BTC is forming this bullish divergence move in the daily time frame as we made in the last 2021.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it is FINANCIAL ADVISED.
WHAT IS BULLISH DIVERGENCE?
Price divergence – bearish and bullish – in the crypto space can sometimes determine future price direction.
Higher chart time frames often yield stronger, more impactful results.
Combining market signals for confluence can be important when conducting technical
Everyone in crypto wants an answer to the golden question: where will the bitcoin price go next? Although no one truly knows future price action until it happens, price divergence can sometimes be used to help answer that question.
Divergence occurs when price makes higher highs, while indicators paint lower lows or vice versa. Simply put, divergence is when price direction contradicts indicator direction, creating a noticeable conflicting pattern.
Let's get to the BTC chart as we can see in the chart that BTC is forming this bullish divergence move in the daily time frame as we made in the last 2021.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
I would also love to know your charts and views in the comment section.
Thank you
#BTC/USDT ANALYSIS
It bounced from the horizontal support and currently rejecting from the horizontal and trendline resistance. Point of control resistance is coming at $30,530. MACD crossover is showing bullish momentum. We might see some sideways consolidation in the current range and a sustain breakout/breakdown will further confirm the next move of it.