Bitcoin - Expecting a bounce soon (Bullish)
text from top to bottom:
- Resistance area 6500 - 6800 denied & Rising Wedge
- This is the next important resistance current level - 6040
- BTC probably retesting the downtrend line
If it bounces of the line I'm still positive on the price action
-Im positive it is going to bounce on this line
given the small bull divergence + RSI is oversold
- Weekly chart is bullish aswell - Bull divergence on OBV/ Stoch RSI oversold etc
- If not --> Back to this support area .. again... 5700/5800 'ish
- Resistance area 6500 - 6800 denied & Rising Wedge
- This is the next important resistance current level - 6040
- BTC probably retesting the downtrend line
If it bounces of the line I'm still positive on the price action
-Im positive it is going to bounce on this line
given the small bull divergence + RSI is oversold
- Weekly chart is bullish aswell - Bull divergence on OBV/ Stoch RSI oversold etc
- If not --> Back to this support area .. again... 5700/5800 'ish
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