BTC/USD Bullish Divergence on MACD and RSI. For THE BULLS
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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.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.