wuliwong

Regular Bullish Divergence Forming On BTC Daily

BITSTAMP:BTCUSD   Bitcoin
We see regular bullish divergence on the MACD developing on the BTC daily chart between this current low and the previous low. The day isn't done yet though, if BTC dumps and turns negative, this argument would be invalid as the new low was still forming. This could signal a turn around to an uptrend. I would like to see some other variables pointing at this before taking out any long positions.

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