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Cycle19
Nov 27, 2018 9:33 PM

BTCUSD 240-Minute Chart: SIgns of Bullish price/Momentum Diverge 

Bitcoin / DollarBitfinex

Description

Not anticipating a major bullish reversal, but more of a minor bounce up toward the $4400.00 to $4600.00 resistance zone.

Nice volume profile support node setting up, and with bullish divergence on both the MACD and RSI occuring as a
240-minute/daily chart multicycle low completes, this looks like a great place to cover any short positions.
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