1/ bullish broadening wedge forming
2/ bullish divergence on RSI forming and beginning to play out
3/ krypt wavetrend buy signal
Could buy on a breakout/retest of broadening wedge, or (riskier) at another sharp price drop as descending broadening wedges rarely breakout to the downside. Still neutral/bearish overall on bitcoin but the above look reasonable short term entries. Target would be the cloud bottom/top depending on price momentum when reaching those levels.
2/ bullish divergence on RSI forming and beginning to play out
3/ krypt wavetrend buy signal
Could buy on a breakout/retest of broadening wedge, or (riskier) at another sharp price drop as descending broadening wedges rarely breakout to the downside. Still neutral/bearish overall on bitcoin but the above look reasonable short term entries. Target would be the cloud bottom/top depending on price momentum when reaching those levels.