Bitcoin's Bullish Divergence Confluence
Hello, this is Chartinfo.
Today, we're going to uncover the hidden intentions of the whales in Bitcoin.
To get straight to the point, if Bitcoin was going to crash, it shouldn't have dropped like this. Even as the price dropped, it continuously formed bullish divergences.
Let me show you what it looks like on the chart.
https://www.tradingview.com/x/3mGOI0Ja/
Weekly bullish divergence
https://www.tradingview.com/x/Tv9TuneI/
Daily bullish divergence
https://www.tradingview.com/x/4YfzkLkk/
4-hour bullish divergence
https://www.tradingview.com/x/cDCzegSX/
15-minute bullish divergence
That's a massive stack of divergences, right? Now is not the time to go short. It won't be too late to short if this bounce attempt fails.
I recommend looking for a long entry on the dip, and if this stack of bullish divergences ends up failing, then you can try going short!
I don't think I'll be looking at shorts until we hit 70k.
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