BTC: Possible Double Bottom + Bullish Divergence
I'll keep this short and simple.
We can see a possible double bottom forming on BTC. There is also a descending wedge pattern forming since August 15th. RSI is showing oversold with bullish divergence (lower price action but higher RSI) on the daily chart.
This could signal a potential reversal upwards in the near future.
Invalidated and bearish with a daily close below $17,600.
We can see a possible double bottom forming on BTC. There is also a descending wedge pattern forming since August 15th. RSI is showing oversold with bullish divergence (lower price action but higher RSI) on the daily chart.
This could signal a potential reversal upwards in the near future.
Invalidated and bearish with a daily close below $17,600.
Catatan
Bitcoin is breaking out of the wedge pattern. Let's see if it holds.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.