NasirCrypto

BTC showing bullish divergences on daily

NasirCrypto Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC closed the daily candle with bullish divergence on RSI as well as OBV. MACD flipped bullish but looks a little weak in my opinion. Volume looks ok but not that good. For the divergences to play out we have to break $30500 resistance and $31500 to reach $34k to $36k levels although we are in a bearish trend so they might not work, These divergences will be invalidated if price goes back to $29500 level and validated if we break $31500 so fingers crossed for a relief rally.
Trade closed: stop reached:
Bullish divergences invalidated price went below $29.5k level

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