Hi friends, I'm new on technical analysis but here I want to show you a perfect bearish divergence on MACD. Should i trust technical analysis and go short or the great bull trend of these days ?
It seems to me this is a big bull trap i'm sorry.
What do you think ?
I'm not a financial advisor, please do not consider my actions as advice, make trading based on your ideas. Bitcoin trading is highly risky.
Very difficult situation as in my mind there’s something about this last move that just doesn’t sit right with me, we broke a big resistance but volume didn’t follow through as I would have liked to have seen
My indicators are all screaming for a retracement yet there are some extremely aggressive buy orders executing on bitmex so I don’t feel confident either side quite yet, I am short at present but it wouldn’t take much for me to close it at break evens if this strange price action persists through this morning
My indicators are all screaming for a retracement yet there are some extremely aggressive buy orders executing on bitmex so I don’t feel confident either side quite yet, I am short at present but it wouldn’t take much for me to close it at break evens if this strange price action persists through this morning