Looking at Bitcoin on the weekly and month time frame, things are looking good; that is, if you're patient. The daily and 4 hour are a different story. BTCUSD is showing upsloping and converging price action with buyer exhaustion at a critical resistance, better known as 'shortening of the thrust'. If we look at the inverse chart, we can see a great buying opportunity.
This is accompanied by triple macd bearish divergence on the daily and today's candle close showed extra signs of weakness.
This is accompanied by triple macd bearish divergence on the daily and today's candle close showed extra signs of weakness.
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