Despite the FTX affair which caused a new bottom, 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)
- historical technical supports (Price, MACD , Disparity Index, RSI)
- 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)
- historical technical supports (Price, MACD , Disparity Index, RSI)
- 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
Note
The bottom is behind us.Note
Target reached ;)Trade closed: target reached
![[Bitcoin] next steps](https://s3.tradingview.com/e/eAOg6Y7a_mid.png)
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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.
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.