Bullish Divergence appearing at the bottom of this falling wedge.
Similar setup on BTC from before on a similar falling wedge.
Expect price to retrace the move towards to the .618, although with so much bearishness lately (maybe close position at .5 fib)
To keep in mind, it would be nice if this was the bottom for BTC but i'm not claiming that's whats happening.
Similar setup on BTC from before on a similar falling wedge.
Expect price to retrace the move towards to the .618, although with so much bearishness lately (maybe close position at .5 fib)
To keep in mind, it would be nice if this was the bottom for BTC but i'm not claiming that's whats happening.
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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.