MACD top divergence ~ column line divergence
The columnar line divergence is the most primitive divergence. This kind of divergence is determined by the length and area of the red and green columns to determine whether to form a divergence.
Column line top divergence: the currency price continues to move upward, with each wave getting higher, and the green columnar line shows a bunch of smaller shapes above the 0 axis, indicating that the upward momentum is gradually exhausted, and the rise in currency prices cannot be achieved. With the support of subsequent rising kinetic energy, it may reverse downward soon, which is a signal of a high-level change.
The top is very close to the large cycle resistance position of 48600. The current daily line shows a divergence from the MACD top. There is not much space above, so it is a good shipping opportunity for currency traders who are doing swing trading. Long-term currency friends, those who plan to hold positions for more than one year can ignore this article.
#BTC Key resistance level
1) 48500-48600
2) 49300-49400
3) 50000
