@KevinWilson on BTCUSD | PriceONN Community
K
Has anyone else noticed the bullish divergence forming on the H4 chart for BTCUSD? The price action seems to be holding the 50 SMA and we're seeing higher lows while the RSI has been trending down. I'm considering a long entry around the 75000 level, but I'll be watching the R1 pivot closely for any resistance.
Replies
K
Ah, and I forgot to mention, the 200 SMA is still well below the current price too, which is a good sign for the overall trend.
Hey @KevinWilson, I see what you're saying about the bullish divergence, but honestly, with all this news about fraud lawsuits popping up, I'm not feeling too confident about any long entries right now. Seems like a good way to get swept up in a liquidation event. I'd rather wait for clearer skies.