🅱️ Bitcoin Daily Bullish Divergence (85% Jump Mapped!)

20 Des 2022

Have a quick look at the daily RSI for bitcoin...

Compare 18-June to 9-November and we have a very strong, clear higher low.

When we look at BTCUSD it is clear we have a lower low and that's a strong divergence with the RSI for you.

Another signal that we've been looking at is volume.

We looked at volume on the Ether (ETHUSD), Dogecoin (DOGEUSDT) and Ethereum Classic (ETHUSD) charts.

First, notice how the green bars are bigger than the red bars in general.
Then notice how volume is going lower as prices drop.

The bears are losing momentum...
As the bears lose momentum the bearish trend stops and comes to an end.

We get a reversal/recovery and we see bitcoin move up next.

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Namaste.