Bitcoin may be in for a bit of a relief rally. Not to say that the correction is over, this is only the 4H time frame.
Bitcoin is currently sitting inside of a falling channel with bullish divergence. The last move up has been weak and only has got us to the middle of the channel. Although, this 4H candle could bring us towards the top of the channel and set us up for a breakout.
Bitcoin is currently sitting inside of a falling channel with bullish divergence. The last move up has been weak and only has got us to the middle of the channel. Although, this 4H candle could bring us towards the top of the channel and set us up for a breakout.
Trade closed: stop reached