cogent-trader

Bullish divergence on 8H timeframe

Long
COINBASE:BTCUSD   Bitcoin
On this chart I removed all drawings and just focused on whether we can state there is a divergence in Bitcoin as we look for a bottom. 8H price action in a falling wedge over long term 21 day RSI reading is showing us a clean inverse bullish print.

Coupled with an extreme fear reading on the gauge after this mornings 2k+ crash and rebound, maybe we're establishing some footing and it's time to add some buys.
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