Descending channel - RSI divergence
Looks like we could have a quick reversal. I'm seeing a bullish RSI divergence on the hourly.
Could be a short-term pump up to 21800. If it breaks the larger descending channel line (yellow) we could see the bull run start forming.
For all those BTC mooners out there, I'm not saying it will pump up to 100k I'm saying we may see the bull trend begin in the build-up to the next halving if it breaks the yellow line. We could easily see a reversal back down at 20800 to extend the larger descending channel.
In the meantime, I'm looking for a profit target of 21800.
Not trading advice just an idea. Let me know your thoughts.
Could be a short-term pump up to 21800. If it breaks the larger descending channel line (yellow) we could see the bull run start forming.
For all those BTC mooners out there, I'm not saying it will pump up to 100k I'm saying we may see the bull trend begin in the build-up to the next halving if it breaks the yellow line. We could easily see a reversal back down at 20800 to extend the larger descending channel.
In the meantime, I'm looking for a profit target of 21800.
Not trading advice just an idea. Let me know your thoughts.
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