duffff

BTC - Bullish divergence developing - potential upside

COINBASE:BTCUSD   Bitcoin
Price has found support within top half of the uptrend channel.
Price is within a falling wedge structure showing signs of bullish divergence on MFI and MACD.

In context, the weekly time-frame points to further downside, having just closed a bearish engulfing candle. If price were to break out from here, it may present an opportunity to sell at higher prices before a potential correction.

Not advice in any way

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.