[Bitcoin] ready to rise again
Updated
Despite the FTX affair wich caused a new low, I believe BTC is ready to rise again due to bullish technical factors:
- many bullish divergences in W, 3D, D, 4h
- end of the big falling wedge (throwback completed)
- new small falling wedge (dashed lines)
- historical technical supports (Price, MACD, Disparity index)
- blue pill (Hash Ribbons indicator)
- bottom found (Puell Multiple indicator)
- reversal signal (Network Value to Transactions ratio)
Of course, in the event of another major crisis, BTC will fall sharply again.
- many bullish divergences in W, 3D, D, 4h
- end of the big falling wedge (throwback completed)
- new small falling wedge (dashed lines)
- historical technical supports (Price, MACD, Disparity index)
- blue pill (Hash Ribbons indicator)
- bottom found (Puell Multiple indicator)
- reversal signal (Network Value to Transactions ratio)
Of course, in the event of another major crisis, BTC will fall sharply again.
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade closed: target reached
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Next steps:![[Bitcoin] next steps](https://s3.tradingview.com/e/eAOg6Y7a_mid.png)
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