BITCOIN (BTC) Update: Negative MACD Divergence to Price

in #bitcoin • 7 years ago

SUMMARY

BITCOIN (BTC) on the short term is expected to reache 1.618 Fibbonacci level at around $6,200. The below triangle shows that the upper resistance has been breached and now BTC is consolidating again with a bullish flag. It's just a matter of time before $6,200 is reached. However, the constant consolidations required to gas its move up reflects a tiring of the buy momentum.

The longer term perspective still shows a blaring negative divergence since price made a higher high but MACD has made lower low. This is something to keep an eye out for and the video analysis details the whats, hows and possible whens.

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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**

#money #cryptocurrency #blockchain #altcoins
7 years ago in #bitcoin by
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     7 years ago 

    @reported has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

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       7 years ago 

      Big thx Haejin! I'd love to see an update for CVC when You got time. I still hold a lot of alts and I can't stop shivering when reading about a big BTC retraction that You predict (or rather Elliot waves show).

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         7 years ago 

        Thanks for the analysis

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           7 years ago 

          Thanks @Haejin your jaws of wealth show the new bottom likely to be around $2800-3000 not $2000 , have I read this correctly thanks

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