BTC bullish divergence on 2D and 3D

Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)

BINANCE:BTCUSDT.P Bitcoin / TetherUS PERPETUAL CONTRACT

trendanalysis chartpattern oscillator btc btcusd btcanalysis btcusdanalysis btcforecast btcusdforecast btcusdt btcusdidea btcidea

Firstly we look at 2D chart and we see hidden bullish divergence on RSI which means that the price is making higher lows and oscillator is making lower lows, We take this signal as a potential bounce in coming days.

Now let us look at 3D chart, Again we see hidden bullish divergence on 2 oscillators which are CCI and CMF. Again this is another strong signal that bullish momentum will resume from here.

Market has never been this confusing as now. Charts and on-chain data shows that we are ready for a massive bull trend whereas macro economic factors suggests otherwise so this could possibly be a bull trap. Let us wait for weekly closure and then will further update.

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