Get started
MidasTouchTrading

BTC looks bearish, but a bit of a bullish divergence forming

Long
Bitcoin (COINBASE:BTCUSD)  
MidasTouchTrading Updated   
COINBASE:BTCUSD   Bitcoin
Chart Patterns Technical Indicators Trend Analysis
5
0
chartpattern indicator trendanalysis
Smaller bullish divergence, 4 hour candles. Bulls need to make a move - now or never, but could possibly have a few shakeouts left in it.

I am not a certified securities professional. I am not qualified to give financial advice. This is not financial advice.
Comment:
Sorry, I publishes this chart so quickly I didnt even draw my trend lines correctly. The red line should begin at the bottom of the red candle close, as that is where RSI is measured at (as opposed to the wick of a candle as seen on this chart).
Comment:
And I also have to mention, the RSI could break below that green line, but still continue forming that bull div
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.