BTC bullish divergence
Looking at Bitcoin on the daily timeframe we notice what we have been talking about the past 2 weeks is continuing too play out beautifully! We are respecting our uptrending line very well! We had a slight wick underneath but just like before we have held on perfectly with 0 closes underneath this level! something I noticed on the daily chart here with the RSI was a crystal clear bullish divergence! we had a higher low on the RSI and a lower "high" on price action, either the candle i have marked or our current daily candle could count, the only way for the current daily candle too invalidate the bull divergence would be by creating a higher high from the first point which is very unlikely too happen before our daily close! Now lets look back in time a little bit, if you guys noticed i have the exact same thing drawn out from FEB 19 to FEB 26th, we had a fall down too our trendline, held it, and then went on too create a bullish divergence that looks the exact same when we were in the accumulation phase! Lower high on PA and a higher high on the RSI. Now what happened following that bull divergence!? we flew up with a big institutional candle pushing us up for another leg! Now i am looking for something similar too happen here, we have held our uptrend line and retested mutliple times, we have created a bullish divergence! Now its time too play the waiting game! Not financial advice just my opinion!! PS. Everyone viewing my stuff on tradingview apologies for the lack of content i have been focusing on trading and putting content out for "friends" can't say much or ill get a strike on tradingview lol message me if you want too talk about that further, have a great night! talk soon!
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