Bitcoin reversed from 9200$ yesterday and completed wave C with bullish divergence on RSI. Noticed this reversal signals in previous Bitcoin update here:
Now we can wait for continuation of trend here as it broke downtrend channel after bullish divergence between 9890$ and 9081$ levels. RSI reversed on 24 and now heading up to overbought region.
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Important invalidation of bullish scenario located under 9989$ level.
@HamadaMark, thank you, what do you think about ideas for more drop in this few weeks?
HamadaMark
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@ArShevelev, based on current performance, bulls doing a great job on the weekly frame also there are long wick from $9000 expresses the strong defense from bulls, but let us watch how the weekly close how it's going to be with this bullish divergence on daily