Bitcoin / TetherUSUpdated BTC/USDT DAILY - Potential reversal
As Bitcoin keeps diving for the past few days, we see that the bulls regain strenght on the daily chart as a hammer candle pattern appears.
There might be a potential reversal in the next few days, as the RSI indicates that the currency is oversold right now approaching the 30 mark.
Let's wait for a strong bullish signal to enter trade and take profit at past resistance level.
There might be a potential reversal in the next few days, as the RSI indicates that the currency is oversold right now approaching the 30 mark.
Let's wait for a strong bullish signal to enter trade and take profit at past resistance level.
Trade active
The bulls have regained control of the market. We can see a double bottom reversal pattern on the 1H chart meaning the price will fly back to the top at its ATH.
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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.