Bitcoin may be establishing a near-term low.
However, for a confirmed reversal signal and to validate a counter-trend rally targeting the 21-week moving average, the market requires bullish confirmation on higher timeframes.
The primary development to monitor is the potential formation of a bullish divergence on the 12-hour and daily charts, characterized by price action forming a double bottom (or even lower lows) pattern coinciding with rising lows on the RSI and MACD indicators.
No significant buying volume yet.
However, for a confirmed reversal signal and to validate a counter-trend rally targeting the 21-week moving average, the market requires bullish confirmation on higher timeframes.
The primary development to monitor is the potential formation of a bullish divergence on the 12-hour and daily charts, characterized by price action forming a double bottom (or even lower lows) pattern coinciding with rising lows on the RSI and MACD indicators.
No significant buying volume yet.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.