Bitcoin:
Hidden Bullish divergence on the 12H RSI, confluent with trendline support of a potential expanding diagonal triangle to complete wave 1 of a larger 5th/C at around $13k.
Expecting a SFP rejection from
13K and a short-term correction to follow with major support at $11.1k and confluence of major support between $10.2-10.3k where there is a strong weekly level and a 4H order block which I suspect will be tested. Should only be a wick to these levels with $10.5k holding on a higher TF close.
12H Hidden bullish divergence:
Hidden Bullish divergence on the 12H RSI, confluent with trendline support of a potential expanding diagonal triangle to complete wave 1 of a larger 5th/C at around $13k.
Expecting a SFP rejection from
13K and a short-term correction to follow with major support at $11.1k and confluence of major support between $10.2-10.3k where there is a strong weekly level and a 4H order block which I suspect will be tested. Should only be a wick to these levels with $10.5k holding on a higher TF close.12H Hidden bullish divergence:
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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.