BTC - bullish divergence has formed, possible bounce signal

Long

Bitcoin (BITMEX:XBTUSD.P)

Updated

BITMEX:XBTUSD.P Bitcoin

trendanalysis chartpattern indicator btcusd btc

When you compare the RSI div to the last time a similar RSI div happened, you will see it looks very similar, and will likely lead to a bounce. Also, we are at the bottom of the current channel.

Comment:

BTC dropped a bit more, the bullish div is still intact, could see it wick as low as 6900 before we get a bounce.

Comment:

We bounced! I hope you're taking profits, but keep in mind that this could potentially run up to over 8k before the ultimate dump to 5k or less begins.

Comment:

And we're still moving up, lez goooo! :)

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