It appears as though Bitcoin has created a rounding bottom that is forming a Cup & Handle pattern.
I have placed three green arrows pointing sideways to the right, this is a great example of a Triple Bottom.
The RSI is showing a divergence as well, it appears as though the price has been rising while the RSI has been declining.
The dark blue line sloping upwards is the support of a larger ascending triangle linked to this post.
I have placed three green arrows pointing sideways to the right, this is a great example of a Triple Bottom.
The RSI is showing a divergence as well, it appears as though the price has been rising while the RSI has been declining.
The dark blue line sloping upwards is the support of a larger ascending triangle linked to this post.
