BTC - Bullish divergence developing - potential upside
Price has found support within top half of the uptrend channel.
Price is within a falling wedge structure showing signs of bullish divergence on MFI and MACD.
In context, the weekly time-frame points to further downside, having just closed a bearish engulfing candle. If price were to break out from here, it may present an opportunity to sell at higher prices before a potential correction.
Not advice in any way
Price is within a falling wedge structure showing signs of bullish divergence on MFI and MACD.
In context, the weekly time-frame points to further downside, having just closed a bearish engulfing candle. If price were to break out from here, it may present an opportunity to sell at higher prices before a potential correction.
Not advice in any way
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