The battle of Divergences
We are in an incredible moment, the doubts are so many that BITCOIN is capable of plotting both a BULLISH DIVERGENCE and a HIDDEN BEARISH DIVERGENCE in the 4-hour time range and using the RSI as an oscillator.
Bullish Divergence: Price performs Lower Lows while Oscillator performs Higher Lows
Hidden Bearish Divergence: Price makes lower Highs while Oscillator makes Higer Highs.
In this way, it is basically impossible to anticipate the next move today in my opinion. we have to wait and see.
It is also worth saying that what seems to have been formed is a Bearish Flag and, normally, this type of pattern tends to break downwards with what I opt for the BEARS today, in the absence of manipulative signals of course ...(The announcement of the LITECOIN and WALMART partnership was quite an act of manipulation engineering, I must say).
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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So, what does this mean? Should I buy BTC :P :D or Should I buy BTC?
Exactly, better to stay away for the moment
I follow the price of Bitcoin very closely, and even do my own technical analysis in case I see any short-term buy / sell opportunities on the market. My vision is good and it is bad because a big impact on the economy is expected due to a possible deflation in the dollar. It is still too early to make assimilations but we must be very careful with this situation, especially for the end of this year and during 2022, I hope I am wrong but they are nothing more than cycles. We all have a clear idea that Bitcoin will triumph as a store of value asset but perhaps what we are seeing is a trend that is too parabolic for my liking, fomo, fud ... etc. Great analysis buddy!
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It's as difficult to predict as tonights Champions League match; Barcelona - Bayern Munich. Who would have thought the result would be 2-8 last time :D
I think this time Bayer is more likely to win
Good post,
It seems to me that bitcoin has us disoriented.
I am following the average MA of 200 daily chart, If it closes several days above we will continue to be bullish or else we will continue in correction.
I am following it doing analysis.
A few hours ago I did an article on litecoin.
To take it as an example to show a FOMO for a Fake News.
Every time they ask me for an example of FOMO, I'll hit the link.
Good post you have my vote.
Greetings
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