BTCUSDLONGS just took a hit. Capitulation is in the air.I'm still bearish long term, but expect a bounce up to the RES trendline around 11-12k$.
At that point it'll be a make or break.
Moderately strong bullish RSI divergence on BTC on 4h.
Keeping my eyes peeled.
Order cancelled
BTC didn't complete the divergence on the 4H. Instead broke through tend on RSI.Probably can be attributed to news of China completely banning foreign cryptocurrency trading platforms.
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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.