Bitcoin just flash the strongest bearish signal!
Hello, everyone!
We should pay attention to the bearish signal which was generated on the yesterday daily candle close. As you know the daily signals are very strong. This signal is true bearish divergence with MACD. We can see that the price reached the first top 20-th October 2021 and the second top was formed 2 days ago. The MACD histogram has the higher value for the first and lower value for the second top. The histogram entered in the negative territory between these two points. This is TRUE BEARISH DIVERGENCE!
We usually see the correction or crash after this. I don’t think that the major crash is the case, but the correction is anticipated. The signal became even stronger because of divergence between the price and MACD lines also. Be very careful with marginal long positions.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
We should pay attention to the bearish signal which was generated on the yesterday daily candle close. As you know the daily signals are very strong. This signal is true bearish divergence with MACD. We can see that the price reached the first top 20-th October 2021 and the second top was formed 2 days ago. The MACD histogram has the higher value for the first and lower value for the second top. The histogram entered in the negative territory between these two points. This is TRUE BEARISH DIVERGENCE!
We usually see the correction or crash after this. I don’t think that the major crash is the case, but the correction is anticipated. The signal became even stronger because of divergence between the price and MACD lines also. Be very careful with marginal long positions.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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