Trebor_Namor

BTC - Bullish Divergence on the Daily Chart

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello Traders!, I was looking at the daily chart to get a bigger view on where Bitcoin may be going in the next few days. I just noticed that there is some bullish divergence on the daily chart. You can see the price action where I marked yellow on the chart is making lower lows, and on the RSI also marked in yellow is making higher lows. I'm starting to believe the downtrend has finished so we should be seeing Bitcoin starting heading in an upward direction. If Bitcoin is headed in a bullish scenario we will see the RSI line bounce off the 40, and start moving in an upward direction. The goal of this long will be around 10.8k-11k.
Trade active:
The 4 hour chart just created a new bullish divergence signal. Keep an eye out for Bitcoin! Downward trend seems to have finished.
www.tradingview.com/chart/H5Sc6piM/

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