Bitcoin has seen a dump recently.
After the dump, on the daily chart it has made a bullish divergence in the RSI.
Also since 17.9k low, BTC has made a MACD bullish divergence.
We have probably seen the worst of the bear market and BTC probably will not go too far below 17.9k.
Personally, I won't open a long position right now because this isn't enough reversal confirmation according to me.
We need to break above 19.5k first and 20.5k after that and confirm a new (short term atleast) uptrend.
BTCUSDT
After the dump, on the daily chart it has made a bullish divergence in the RSI.
Also since 17.9k low, BTC has made a MACD bullish divergence.
We have probably seen the worst of the bear market and BTC probably will not go too far below 17.9k.
Personally, I won't open a long position right now because this isn't enough reversal confirmation according to me.
We need to break above 19.5k first and 20.5k after that and confirm a new (short term atleast) uptrend.
BTCUSDT