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The Bitcoin formed the strongest divergence with the MACD histogram and MACD line. Moreover I missed the fact that the true countertrend line 2 was broken to the upside earlier.
Let's take a look at the weekly timeframe for BTC at the WhiteBit exchange. For me the bear market started with the strong bearish divergence on the weekly timeframe.
Now I am sure that I have to use only signals which was generated by my strategy.
As you know I am Bitcoin trader, don't use the traditional markets, but the SPX affects the cryptomarkets and we have to consider the potential moves there.
As you know, 2 days ago I bought Bitcoin at the price $37800 according to the strongest buy signal on the 4h, the entry point was found at the 1h
Why I did it? First of all the risk to reward was even more than 1 : 4 and I saw the difficulties for the further growth (according to volume
Here is the another one "just for fun" BTC analysis, because there are no any particular signals.
Bitcoin is in the boring consolidation last couple of days, but it can give us the sufficient piece of information what is going to be next.
Today I wanna show you the scenario which bring us a lot of profit according to my strategy.

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