In April 2015
We have identified the downwards trendline from the high
And the priced has retraced below the 0.768 level
The RSI has had a technical breakout
And on this date, we had clear bullish divergence (well the RSI started to increase, there was no lower low but the price was more or less equal)
In August BTC came back to retest the trendline to confirm that bitcoin was going to rise in price afterwards
We have identified the downwards trendline from the high
And the priced has retraced below the 0.768 level
The RSI has had a technical breakout
And on this date, we had clear bullish divergence (well the RSI started to increase, there was no lower low but the price was more or less equal)
In August BTC came back to retest the trendline to confirm that bitcoin was going to rise in price afterwards
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.