Bitcoin currently printed a bullish divergence on the daily time frame with a divergence sequence on the hourly time frame, we can use this as context to see a rally, but we can't be so sure yet whether it would continue or be a bull trap because of the 3 wave pattern that bitcoin made when it hit lower lows, this suggests an ABC correction that could be a Wave B for an expanded flat pattern.
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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.