BTC/USD Bullish Divergence on MACD and RSI. For THE BULLS

Hi Guys,

Scan chart today seeing several factors that could be interesting on a bullish prospective.

Firstly a descending wedge, is often a bullish pattern sign and may point to a reversal is brewing for BTC/USD, and a breakout above the wedge is something to keep all eyes on. Room in wedge is running out and a break either way could be a very good indicator for further moves in that direction.

Secondly bullish divergence on the MACD and RSI indicators.

Thirdly RSI is reaching oversold.

Fourthly, on a macro trend line going back to the lows of covid crash we are just sitting on support bottom of the trend a bounce from here would not be out of possibilities.

A long from here with a STOP LOSS at 45.5k could be a very lucrative move.

Cautions to this speculation would be the DXY USD index breaks past its resistance or BTC break below the trend lines and descending triangle.