BITCOIN FORMING DIVERGENCE SIMILAR TO THE LAST BREAK OUT!!!
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.
For More Short Updates like this make sure to like and follow to always be notified.
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.
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.
For More Short Updates like this make sure to like and follow to always be notified.
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.
