BCDBTC hidden bullish divergence

27 paź 2018

Bitcoin Diamond is one of the BTC forks which can demonstrate periodical pumps and downs. Currently we see that from the previous pump the price was in corrective downtrend till the end of the triangle where it bounced and started sideways trend. The price is now at the Fib 0.786 support level and seems to be ready for another run. We see a hidden bullish divergence as PPO has higher lows while price chart has lower lows. Combining it with the triangle breakthrough, Fib retracement levels and growing volatility according to DMI we can conclude that there should be gradual or sharp rise soon

1 lis 2018

Zlecenie zamknięto ręcznie

Closed in the breakeven the price was pushed down to the local support zone. The decision to close the position at bounce at the breakeven was made due to forecast that the price will reach Fib 1 level