Auguraltrader

AT CryptoScan: BTCUSD 4H coiling...

Long
BITSTAMP:BTCUSD   Bitcoin
Quick note that after a massive drop of almost half from its historical high, BTSUSD is consolidating and appears to be coiling for an upside move.

RPM is indicating a near term pullback over the next couple of hours, but zooming out of RPM and also MACD, a series of bullish higher lows are observed, some in divergence to price. Price itself had higher lows, and consistently closed above 36K, despite reaching down below 34K twice.

Expecting a (few more?) bounces off 36K and a launch...

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