BTC - Showing Signs of Life
https://www.tradingview.com/chart/BTCUSDT/LeWxm6Xg-BTC-One-more-leg-down/
Here is an update to our previous post. We pointed out a rising wedge channel that was being formed which could have lead to one more move down. Due to the higher time frames we were able to see some of those bullish divergences play out which caused a breakout of the wedge. Price then successfully retested the wedge as new support and made a move higher. This is great to see now the only other thing we need to watch for in the short term is our CME gap.
Here is an update to our previous post. We pointed out a rising wedge channel that was being formed which could have lead to one more move down. Due to the higher time frames we were able to see some of those bullish divergences play out which caused a breakout of the wedge. Price then successfully retested the wedge as new support and made a move higher. This is great to see now the only other thing we need to watch for in the short term is our CME gap.
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