Potential BTC short term 4H bullish div
Updated
BTC showing hidden bullish divergence on the weekly.
4H showing bullish divergence on MF RSI and on MACD. Volume spike suggests bottom probably in.
1H forming a ascending triangle so a good entry would be breaking and retesting the triangle at ~51300$.
Target should be the breakout point from rising wedge on daily around ~57488. But it could go all the way up to 0.786 or 0.886 Fibonacci ratios and retest the previous support as resistance.
Breaking down from the 1H triangle bellow previous low 48657.14 will invalidate this idea.
I've also noted some interesting levels to watch for S/R.
4H showing bullish divergence on MF RSI and on MACD. Volume spike suggests bottom probably in.
1H forming a ascending triangle so a good entry would be breaking and retesting the triangle at ~51300$.
Target should be the breakout point from rising wedge on daily around ~57488. But it could go all the way up to 0.786 or 0.886 Fibonacci ratios and retest the previous support as resistance.
Breaking down from the 1H triangle bellow previous low 48657.14 will invalidate this idea.
I've also noted some interesting levels to watch for S/R.
Note
Targets with SL
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