$BTC - Bullish Divergences and Resistance Breakout - (4H)
BTCUSD Has made an impulsive move above the downward trendline. It is also showing a Bullish Divergence, with the RSI and MACD making Higher Lows, whilst the price made lower lows.
Still significant overhead resistance to overcome with the Moving Averages overhead - Could chop sideways and backtest the trendline breakout before moving higher
Overall stance - Bullish
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.