Bitcoin is forming a hidden bullish divergence on the rsi.
It is likely to resume the uptrend from here.
Can read the divergence as: Selling got absorbed without moving the price to a new low, means that bulls took control over the price.
It is likely to resume the uptrend from here.
Can read the divergence as: Selling got absorbed without moving the price to a new low, means that bulls took control over the price.
Comment:
There was so much energy in the divergence that the price moved above the daily ma200.
Comment:
the divergence trade is completed, i expect btc to consolidate for some time and then move higher