https://www.tradingview.com/chart/XBTUSD/GoegQ4yt-XBTUSD-Bear-Divergence-on-the-Bitcoin/
I usually look for divergence on the 4H to 12HR, but there was none showing for that, however, my line brother Nick did an analysis on the 1D and pointed out the div 0.80% on the BB%, Stoch RSI crossover, and the midpoint RSI resistance. With the addition of me using the Storm indicator (Stormgewehr 44), all 4 of my divergence indicators are showing a hidden bear. Additionally, we can see the volume has been going down, despite the recent jump in price. I will wait until the close of day (8 PM EST) to see if the candle closed red, but I believe it will close red and I will short. If not, I may check around midnight, or set a sell stop around 6250ish. Target is 6300, and I'll have a stop loss around 6700+ (probably 6800). This should all work out unless a market maker wants to mess everything up.
Just a reminder this is not financial advice, however, if this study helped you make money,
Tip Jar:
BTC: 34zfyXJycMsQh9zsU4cBkkw9CaoUed5UH9
Cashapp: $IndianatheGreat
And be sure to follow me for more advice
Twitter: https://twitter.com/indianathegreat
Youtube: https://www.youtube.com/user/IndianatheGreat735
TradingView: https://www.tradingview.com/u/IndianatheGreat/
Congratulations @indianathegreat! You received a personal award!
Click here to view your Board