Btc Wedge Pattern and Two Bullish Divs: don't short the corn yet
BTC is having a bit of a retrace following a massive pump. The retrace is forming a wedge reversal pattern and has a bullish divergence on both the Stoch RSI and RSI oscillators on the 30min time frame and Stoch RSI Bullish Divergence on the one hour as well. Stoch RSI and RSI are oversold or close to it on short time frames. Finally, the wedge closes around 7800, which is where btc found support on numerous occasions in the previous days. I wouldn't bet the farm shorting just yet.
alexyeoh
I agree, except I think it's $7700 before it bounces.
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Wael613
Oversold on the 30 minute time frame. Could swing down for a bigger play.
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senrav
Wael613
@Wael613, Yup and oversold Stoch RSI on 1hr and 2hr.
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