Bitcoin. New rally coming?
Bitcoin has been in a clear downtrend since mid-November making lower lows and lower highs. The downtrend is still not finished.
However, the RSI is showing bullish divergence and we are seeing some form of double bottom forming.
The RSI pattern is similar to what happened during September, with the strong rally that happened in October.
We are waiting for the confirmation of a new uptrend. Outlined in green two levels that need to be conquered by bulls to confirm the downtrend is over. That would be a strong long signal.
However, the RSI is showing bullish divergence and we are seeing some form of double bottom forming.
The RSI pattern is similar to what happened during September, with the strong rally that happened in October.
We are waiting for the confirmation of a new uptrend. Outlined in green two levels that need to be conquered by bulls to confirm the downtrend is over. That would be a strong long signal.
We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
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DM us for more information about the bot and our services.
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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.
We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
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.