Senbonkzakura

Bullish Divergence on BTCUSD

As we can see on the 4h time frame on bitcoin , We are witnessing a bullish divergence where the price action executed a lower low but the RSI is showing a higher low , so if the candle completes the retest of the support range and closes above it , we might be looking at a shift in momentum and a start of a new Up trend , and if it closes below it after the retest , we're looking at a retest at the 37000 support mark
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.