Bitcoin making bullish diversion in daily chart, what next?
Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Apart from todays movements let's look back at a higher time frame.
(I've used the line chart instead of candlesticks because of all the wicks , they're just noise for considering this deviation)
We can see a series of lower lows formed by btc while rsi is steadily moving up making higher lows.
This is usually a good sign of either a reversal or the start of a range.
Combine this with the current contraction of Emas on 4h and daily , we can anticipate that a big move may be coming
Which Direction ? Can't say , and you shouldn't speculate either ! Stay confident in your models and react to what btc does rather than predict or speculate it.
Conclusion ? Well none it's just a point of view i wanted to bring into light ,
But if you don't like getting chopped around here , you might have a reason to take a break and wait for the decisive big move to come.
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Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
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💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
Welcome to this quick update everyone,
In Daily timeframe Chart, Apart from todays movements let's look back at a higher time frame.
(I've used the line chart instead of candlesticks because of all the wicks , they're just noise for considering this deviation)
We can see a series of lower lows formed by btc while rsi is steadily moving up making higher lows.
This is usually a good sign of either a reversal or the start of a range.
Combine this with the current contraction of Emas on 4h and daily , we can anticipate that a big move may be coming
Which Direction ? Can't say , and you shouldn't speculate either ! Stay confident in your models and react to what btc does rather than predict or speculate it.
Conclusion ? Well none it's just a point of view i wanted to bring into light ,
But if you don't like getting chopped around here , you might have a reason to take a break and wait for the decisive big move to come.
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
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