BitcoinLong
BTC Bullish Divergence
BTC looks to be continuing into its downward wedge. A very good sign for a potential reversal soon.
The even better news however is RSI. It looks as though there is bullish divergence forming, whereby as BTC keeps dropping, RSI keeps rising, a very positive trend indeed! Although there is a possibility to break out of the trend to the negative side (similarly to what BTC did a week ago to the positive side), I for one believe it would be brief (again, similarly to a week ago). Hence it looks like there are some pretty good buy opportunities at this point before a reversal transpires in the next day(s) or so.
The even better news however is RSI. It looks as though there is bullish divergence forming, whereby as BTC keeps dropping, RSI keeps rising, a very positive trend indeed! Although there is a possibility to break out of the trend to the negative side (similarly to what BTC did a week ago to the positive side), I for one believe it would be brief (again, similarly to a week ago). Hence it looks like there are some pretty good buy opportunities at this point before a reversal transpires in the next day(s) or so.
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