NikolaGr

BTCUSD Divergence repeating itself ?

Corto
BITFINEX:BTCUSD   Bitcoin
BTCUSD


The divergence is better visible on the 4h chart.

The chart speaks for itself but here is a bit more:
We had a strong push up and then 2 waves forming a flag-ish pattern similar to what happened before between 04.07. and 04.09. The price chart and the oscillators are indicating divergence being formed so I would be careful with my positions.
If it drops down again I would expect the closest support to be between the 7500 and 7100 area, however this is not a price prediction but more of a wave analysis. If the divergence is proven wrong I would expect a continued bullrun.
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