BTC/USD Bullish Divergence on MACD and RSI. For THE BULLS
Hi Guys,
Scan chart today seeing several factors that could be interesting on a bullish prospective.
Firstly a descending wedge, is often a bullish pattern sign and may point to a reversal is brewing for BTC/USD, and a breakout above the wedge is something to keep all eyes on. Room in wedge is running out and a break either way could be a very good indicator for further moves in that direction.
Secondly bullish divergence on the MACD and RSI indicators.
Thirdly RSI is reaching oversold.
Fourthly, on a macro trend line going back to the lows of covid crash we are just sitting on support bottom of the trend a bounce from here would not be out of possibilities.
A long from here with a STOP LOSS at 45.5k could be a very lucrative move.
Cautions to this speculation would be the DXY USD index breaks past its resistance or BTC break below the trend lines and descending triangle.
Scan chart today seeing several factors that could be interesting on a bullish prospective.
Firstly a descending wedge, is often a bullish pattern sign and may point to a reversal is brewing for BTC/USD, and a breakout above the wedge is something to keep all eyes on. Room in wedge is running out and a break either way could be a very good indicator for further moves in that direction.
Secondly bullish divergence on the MACD and RSI indicators.
Thirdly RSI is reaching oversold.
Fourthly, on a macro trend line going back to the lows of covid crash we are just sitting on support bottom of the trend a bounce from here would not be out of possibilities.
A long from here with a STOP LOSS at 45.5k could be a very lucrative move.
Cautions to this speculation would be the DXY USD index breaks past its resistance or BTC break below the trend lines and descending triangle.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.