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RE: Bitcoin (BTC) Morning Update: The Bigger Picture

in #bitcoin6 years ago

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I think there is not a divergence between trend and oscilator. This divergence gives us a hint about inclination about price movement. I think we have to wait for btcusd ‘s next movement and wait for clue about trend

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I prefer to use divergence on MACD. Stochastics move too fast; even the slow stochastics. But, yes, that is a negative divergence. If this is a 4 hour time frame, it could mean a minor correction coming. But minor, most likely. As of writing this comment; i believe that minor correction is complete.