Reversal on BItcoin: Head and Shoulder and MACD Divergence


We saw a strong reversal pattern on BTC/USD: a head and shoulder with a MACD divergence on the two shoulders.

 Once the prices broke the shoulder they did not even had a pulback but went 5 days later directly on target.

 Dear reader from the future: see this post to read the suggested speps or follow the articles about Bitcoin to see how moved after this.

 Good luck to the Experiment!

Commenti

Posta un commento

Post popolari in questo blog

S&P500 Prepare to sell

Immagine
Sell as soon as the price breaks the gray with target the lower part of the channel. MACD Divergence gives us the green light to try a small sell against the trend: never fight the trend. At this point the most probable movement are the prices breaking the gray to get around the lower part of the channel to then rise up, ignoring the macd divergence (small divergence) OR the price breaking the gray and than breaking the lower part of the channel; sometimes when they end a long trend they do a fake fast break on the upper part with small volumes: that would be another signal of inversion. Larger view
Continua a leggere