Post
Topic
Board Speculation
Re: Bitcoin - Will We Get a Strong Trend Reversal Signal?
by
Linkkoin
on 24/04/2019, 16:45:00 UTC
The market is going to form a strong trend reversal signal.
I don't think that we will get a new bearish trend , but the bearish divergence gives the additional signal supporting the correction movement from the current levels or 6000.00 resistance zone if the market tries to move higher.

For confirmation the bearish divergence it will be good if the price breaks the local uptrend line. For the confirmation further downward movement, the price will need to break 5000.00 support level .
If we talk about the long term market movement, it stays bullish .

If we check what happened right after the previous golden cross in 2015, there is a huge chance we will see short-term strong decline before going back on bull track.