BitcoinLong
3 Reasons Why I Think $BTC Will Rebound Soon
Updated
I've been watching the daily charts up close and I think it's very likely we will rebound real soon.
My reasoning is the following:
#1 Bullish RSI divergence on the daily: meaning the prevailing trend is now weak and is up for reversal.
#2 Bearish momentum has been in constant decline for a while now, which basically tells the same story as #1.
#3 We are pretty close to the all-time-high amount of Bitcoin shorts, which makes me think that the next rebound will feature a lot of short-squeezing and prices will surge back up rapidly.
My reasoning is the following:
#1 Bullish RSI divergence on the daily: meaning the prevailing trend is now weak and is up for reversal.
#2 Bearish momentum has been in constant decline for a while now, which basically tells the same story as #1.
#3 We are pretty close to the all-time-high amount of Bitcoin shorts, which makes me think that the next rebound will feature a lot of short-squeezing and prices will surge back up rapidly.
Note
Wow, I totally nailed it!
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