BTC bounced from the support and is currently holding the support. As per my last chart, BTC printed a lower low whereas RSI was printing a higher low giving us a bullish divergence. The reason why we bounced from there.
What's next? BTC is likely to flip the 39K level (the blue MA) and break to the upside. I am bullish now and long from $37670 Sl below the red line.
INVALIDATION:- Break and close below Do hit the like button if you like my updates and share your views in the comment section.
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BTC Quick Update:- BTC needs to break above that trendline which seems likely here keeping in mind the 37k holds. Still bullish and I am long around the CMP with Stop loss below the red line. Like and RT if you agree!
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The chart is still valid and perfectly on track! Expect altcoins to move with BTC. Needs to break and close above the pattern ASAP in order to trigger the rally.
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