BTCUSDT likely to go up
So why do I think bitcoin is likely to go up, i've got a few reasons for that
This is a daily chart, looking at it you can see that the market is at a strong support area (the long purple box from the weekly tf).
Looking at the chart and the RSI you can see a bullish divergence (the white arrow).
Plus the market has hit the lower daily BB which acts as a support.
Lastly the market is still above the support at 18600 zone.
Lets see what happens in the next few days, I hope i'm not wrong....
This is a daily chart, looking at it you can see that the market is at a strong support area (the long purple box from the weekly tf).
Looking at the chart and the RSI you can see a bullish divergence (the white arrow).
Plus the market has hit the lower daily BB which acts as a support.
Lastly the market is still above the support at 18600 zone.
Lets see what happens in the next few days, I hope i'm not wrong....
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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.