BTC 3D Bullish Divergence!

Yesterday I posted about the 3D bullish divergence on ETH at 1085. It's already up to 1155 (7% from the call)! Now I'm noticing the same indications for BTC, along with a few other indicators (as discussed below).

Looking at the 3D BTC chart, we can see a couple of things:

1. Huge descending wedge forming with a worst case target of 12k (if we continue down).
2. Bullish divergence forming on the Stoch RSI. Since May 10th, Bitcoin has been in a decline while the Stoch RSI has been in an uptrend while ALSO starting to cross to the upside (very bullish for a short term relief)
3. Along with the bullish divergence, we ALSO have the RSI oversold (yellow shaded indcator) AND a double bottom forming on the VMC Cipher indicator (two green dots) which also points to a temporary relief bounce

With all of that said, my short-term bullish price targets for BTC is 25k (because that was the previous wick low turned resistance). After 25k, if we continue upwards, I'm looking towards 30-32k where we have MAJOR resistance. If we get there, I don't expect us to break it on the first try. We would essentially tap those levels then retest 25k then try to break them again (bullish case). It would also be extremely bullish if we crossed above the 200 EMA (pink line on the chart), as a lot of people are watching that metric and it's a great indicator for the overall trend

Now this is all assuming the macro economic environment stays relatively stable and there aren't any big negative news events. For the BEARISH scenario, I could see us retesting 19k and continuing down on the descending wedge trend line all the way to 12k. Good levels to DCA would be 19k, 16k, and 12k. The next few days/weeks will tell us a lot!

If you enjoyed my TA or had any questions about the indicators I used, please leave a comment below or send me a DM :)

Thanks for reading!