Long

Bullish Divergence making BTC/USD ready to PUMP!

Updated

A lot of downward pressure over the past couple of months. BTC looks like it might be setting up to break out to the upside for a short run. The trend is still bearish, but short term we could see a bullish breakout.

Note

We saw the original setup breakout, successfully backtest, and move up yesterday. With the news of selling off 75% of their position to increase cash holdings, we fell back into the original pattern. Currently appears to be attempting a test of that horizontal resistance again. We will see if it can break.

joem1881

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