As i did post an analysis yesterday about BTC in higher time frame , forgot to mention about Bullish divergence but it worth to mention it with another bullish pattern in shorter time frame
As we can see from image above, we expected BTC to bounce at MA100 in Daily time and support trend lind did pretty good job, So BTC did bounce and we got a good confimation for BULLISH divergence
Now as we got those signals in previous day, BTC has printed a good big falling wedge which also is a very good BULLISH signal. As soon as we break through to top of wedge out it can easily hit its last ATH again.
In case of breakout from the top, we might get the breakout from the handle of cup in imgave above which indicate us to higher targets and possibly new ATH
what you think about my analysis ?
feel free to talk in coment section below
As we can see from image above, we expected BTC to bounce at MA100 in Daily time and support trend lind did pretty good job, So BTC did bounce and we got a good confimation for BULLISH divergence
Now as we got those signals in previous day, BTC has printed a good big falling wedge which also is a very good BULLISH signal. As soon as we break through to top of wedge out it can easily hit its last ATH again.
In case of breakout from the top, we might get the breakout from the handle of cup in imgave above which indicate us to higher targets and possibly new ATH
what you think about my analysis ?
feel free to talk in coment section below
Comment:
BTC exactly moved the way i expected :) still have to wait for falling wedge to break from the top then we can head to new ATH
