What are the potential risks and limitations of relying on bullish divergence in cryptocurrency trading?

1 answers

• Mar 16, 2022 · 3 years ago
  As an expert at BYDFi, I can say that relying solely on bullish divergence in cryptocurrency trading is not recommended. While it can be a useful tool, it should not be the sole basis for making trading decisions. Bullish divergence signals can be misleading and may not always result in profitable trades. It is important to consider other factors such as market trends, volume, and overall market sentiment when making trading decisions. Traders should use bullish divergence as one of many tools in their arsenal and not rely on it exclusively.
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