Real_Time_Analysis

BITCOIN BREAK OUT ABOUT TO HAPPEN??!

BINANCE:BTCUSDT   Bitcoin / TetherUS
BITCOIN FORMING DIVERGENCE SIMILAR TO THE LAST BREAK OUT!!!

BINANCE:BTCUSDT

As you can see on the chart Bitcoin is forming the same divergence it formed during the October 1st cool off period before a massive pump to $48,000 USD.
It is forming that same divergence and I am curiously waiting for that third bounce from the RSI to really confirm this.
This is a sign of bullish divergence as the lows are becoming higher but the RSI is lower. This indicates the coin is much being over sold at much higher prices and shows a sign of a strong buying force to come.
The MACD on the one hour is also about to cross the signal line.

Like I said in previous posts Bitcoin is looking to retest the $49,000 resistance level and if it does challenge and break this level we are looking at an extremely bullish sign for bitcoin .

Personally I am waiting to see the price action of bitcoin and seeing if it can hold these higher highs.

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Make sure to read my previous post on Bitcoin to get a more in depth understanding of why the price is acting the way it is.

Thankk you

Remember to be patient AND MAKE SOME MONEYYY!!!!!

This is not financial advice.