We can see the divergence in the long-term (weekly) time frame. Divergences are much more reliable in the long term and can be counted on. Like the divergence shown in the picture that happened between the prices of 69,000 and 65,000.
Fibonacci can be used to understand the results of divergences.
In this chart, the next important support is around the price of 37145, which is equivalent to Fibo 0.236
Fibonacci can be used to understand the results of divergences.
In this chart, the next important support is around the price of 37145, which is equivalent to Fibo 0.236
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If we set Fibo in logarithmic mode, the level of 0.236 is equal to the price of 34800.
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To notify the free signals, boosts, follow, comments, and write questions.
Observe the money management (Use 1~3 % of your balance for each signal) and the stop loss.
Observe the money management (Use 1~3 % of your balance for each signal) and the stop loss.
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