Quick Market update:
BTC clear rejection off primary downtrend ema 20 (Brown line) on the h4 chart and the price action finally accelerate. We are patiently eyeing on all timeframes for bullish divergences as an indication where bears could be exhausted for the correct time horizon to bet on a reversal. Will start from lower timeframe. So far D1 set up is invalidated other than that h4,h8h,12 d3, w1 all have a good chance we will get the set up we want. TA wise
BTC current looks better than $ETH. Perhaps it is time to take some heat off
ETH and rotate back into $BTC. Here is a potential set up we would like to take where h4 makes a tripled bottom making a bull div. Its very rare if we do get it and we will make sure to capitalize on our highest win rate set up.
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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.