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.
Note
Bitcoin is breaking out of the wedge pattern. Let's see if it holds.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.