/biz/ - Business & Finance

Anonymous Thu May 28 05:45:14 2020 No.19383728 [View]
File: 218 KB, 1783x1962, 1M.bearish-divergence.png [View same] [iqdb] [saucenao] [google]

>>19383577
Yeah, I see the 1M bearish divergence, and I made the kijun a little bolder to make it easier to see. I hope I got your settings right. It looks like this is only the second time bitcoin has had 1M bearish divergence with the last time being December 2013.

>>19383681
>That's not a descending wedge, tho.
I know, it's a descending BROADENING wedge.
https://excellenceassured.com/trading/trade-chart-patterns/broadening-patterns-wedges

>>19383688
If the trendline on 12h RSI breaks within the next day, I would close the position. However, if it holds, you can probably keep it open for a bit longer.

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