Thanks for tuning into THE INDICATOR! Here is our Market Sniper chart in the spotlight.
A community of traders & investors on a mission to snipe the markets.
Bitcoin
I’ve been trading BTC long enough to have spotted this topping pattern that also has bearish divergence two times already.
Topping Pattern + Bearish Divergence ✅
A lower high was put in both times before so if BTC puts in a lower high again, then the probabilities increase of price retracing to the lower target box.
In both times in the past, BTC found support at the key target box & then price took off to the upside….
Will it happen again? We don’t have a magical crystal ball & won’t know for sure so we did lay out a two possible scenarios to be prepared.
Hope everyone had a nice weekend & thank you for your continued support!
Jesse
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Disclaimer
The contents of this newsletter are expressed in my opinion only, none of which is financial advice. Always do your own research as this information is intended for educational purposes only.
Any suggestions, comments or questions, please feel free to direct message me on twitter @JesseOlson. Thanks for reading!