Chart Pattern: Descending Broadening Wedge
Bitcoin currently at the support trend line and had created a new lower low but the MACD has no even come close to the 1053 level which means this could possibly create a bullish divergence against the price action.
Stoch RSI: Oversold Conditions
UPT:
1. $61K (Base of the wedge)
2. $62,355
DPT: $48,825
Price action is KING!
View my previous post:
More power to all your trades, my friends!
Ron
Intrepid_Trader
Bitcoin currently at the support trend line and had created a new lower low but the MACD has no even come close to the 1053 level which means this could possibly create a bullish divergence against the price action.
Stoch RSI: Oversold Conditions
UPT:
1. $61K (Base of the wedge)
2. $62,355
DPT: $48,825
Price action is KING!
View my previous post:
More power to all your trades, my friends!
Ron
Intrepid_Trader
MACD continues to be BULLISH at 915