Fantom / BTC - bearish divergence

16 Eki 2021

Not enough time to explain this one thoroughly, but I noticed the majority of tradingview ideas are long. There's a high number of oscillators showing bearish divergence with price action on the above daily chart following the 'incredible sell' signal.

On each occasion price action corrected at least 50%.

If you're well into profit now is the time to protect them.

WW

weekly chart

30 Kas 2021

İşlem aktif

Price action becoming very bearish (as is dollar chart):

1) Bearish engulfing candles.
2) Pi-cycle top alert (look left)

1 May 2022

İşlem aktif

Down almost 50% so far. A break of market structure is confirmed.

15 Haz 2022

İşlem elle kapatılmış

Despite the continuing broken market structure and 75% correction a trend reversal is now highly probable.

On the 2-day chart below a bullish divergence is printing following a 'incredible buy' signal.