Both BTCUSD and ETHUSD are having similar hidden bullish divergence pattern forming on 4 hourly charts. Breakout out of the resistances formed for both charts are possible and best to wait for these breakouts out of resistances before putting in long trades. To be extra careful of fake-outs, wait for breakouts and a retest of the previous resistance into support before placing long trades.
Also usually before a bullish trend starts there might be a fake-out wick downwards to take out margin longs and hit stop loss orders before starting the upward trend. Its what the manipulators do and have been doing for a long time. Especially since CME started.
Try not to trade on weekends. Low volumes and manipulator whales normally have it easy.
Just an sharing an observation. Please do your own analysis too.
Only trade what you can afford to lose, nothing is 100% in life, ever.
Here is the ETHUSD Hidden Bullish Divergence on the 4H Chart.
Good luck!
Also usually before a bullish trend starts there might be a fake-out wick downwards to take out margin longs and hit stop loss orders before starting the upward trend. Its what the manipulators do and have been doing for a long time. Especially since CME started.
Try not to trade on weekends. Low volumes and manipulator whales normally have it easy.
Just an sharing an observation. Please do your own analysis too.
Only trade what you can afford to lose, nothing is 100% in life, ever.
Here is the ETHUSD Hidden Bullish Divergence on the 4H Chart.
Good luck!
