Long

BTC has formed bullish divergence on 4H to 23H, reversal likely

Updated

If you look at time frames, 4H, 6H, 8H, 12H, and 23H you can clearly see bullish divergence has formed. A reversal in this situation is highly probable.

Note

We dropped more unfortunately. The divergence is still there, and this 7900-8000 level could be where we see a reversal. It happens to also be near the end of a wedge.

Note

The reversal ended up happening, hopefully you saw the signs of it coming to an end up near 8600 and switched back to a short.

TheCryptoBeast

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