What does divergences tell you?
That while price action are making highers highs and higher lows, the buying pressure is decreasing steadily, which is almost always a signal for a reversal -- aka a bearish trend incoming.
Not since late Aug 2020 till early Oct 2020 did we see a slightly prolonged bearish trend stretching more than a month
And do you remember what happened when the bear trend gave way to this current bull trend?
BTC's price action nearly 6x from the lowly doldrums of $10k then..
..but this isn't the takeaway here.
So what is it?
Well, my fellow crypto degens, two words: 'Alt Season'.
That while price action are making highers highs and higher lows, the buying pressure is decreasing steadily, which is almost always a signal for a reversal -- aka a bearish trend incoming.
Not since late Aug 2020 till early Oct 2020 did we see a slightly prolonged bearish trend stretching more than a month
And do you remember what happened when the bear trend gave way to this current bull trend?
BTC's price action nearly 6x from the lowly doldrums of $10k then....but this isn't the takeaway here.
So what is it?
Well, my fellow crypto degens, two words: 'Alt Season'.
註釋
"A divergence should not be used by itself" -- great advice! Thanks guys!Well Coinbase's IPO seems to have lifted the mood and raised the tide a little.
Bitcoin hit new ATHs!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。