We have a double bottom on BTC on daily chart which already broke out and currently trying to retest, if this plays out then technical target of this bullish pattern is $22,805.
Another important thing to notice is that we hidden bearish divergence on RSI and MACD under development which will be confirmed at daily closure. Invalidation of this requires BTC to close above $21k and if divergence plays out then we will see sub $20k levels once again.
Another important thing to notice is that we hidden bearish divergence on RSI and MACD under development which will be confirmed at daily closure. Invalidation of this requires BTC to close above $21k and if divergence plays out then we will see sub $20k levels once again.
Trade closed manually
BTC daily candle closed with bearish divergence on RSI, OBV, MACD. Double bottom is invalidated because price was unable to close above $21K so now we will likely see sub $20k levels.
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if you want to get daily future/spot calls, Join our Premium discord by clicking on the following link
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.