Crypto_Rebel_Official

Bitcoin Early Reversal About to Start (BTC/USD)

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Clear reaction at the 0.618 Fibonacci level on the 4-hour chart + a bullish divergence on the RSI against the price action (red lines + white arrows). This one is much stronger than the divergence we saw at the Nov 26-27 bottom that led to a 19%+ rise (yellow lines + white arrows).

Even though we're now inside the CME gap I think we will see a resurgence back to the key $18,800 S/R level in the short-term (top green bar).




Comments

BOOM. Target achieved already
+1 Reply
bullish divergence but we'll be able to confirm an upward move if BTC dominance S/R flips into support
Reply
@SEN7SEi, Yeah good point. We're over 64.38 now so we just need to establish that as a support now. The $19.400 and $19.550 levels will also be key resistances to observe imo
Reply
Looking at the exact same thing. I think it'll test the $19,200 before some further upside
Reply
@AzharSamad, Awesome - yeah it definitely looks positive!
Reply
AzharSamad Crypto_Rebel_Official
@Crypto_Rebel_Official, now we just HODL
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