BitcoinLong
BTC: Falling Wedge + Bullish Divergence
BTC is developing a POSSIBLE falling wedge pattern with bullish divergence on the daily chart.
Also, DXY is looking like it might top out soon since it is nearing heavy resistance. If the DXY gets rejected, the dump will cause money to flow back into the markets.
If BTC dumps below the local support zone, this pattern is invalidated.
Also, DXY is looking like it might top out soon since it is nearing heavy resistance. If the DXY gets rejected, the dump will cause money to flow back into the markets.
If BTC dumps below the local support zone, this pattern is invalidated.
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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.