BTC is still in the downtrend channel on Daily but:
- We are very likely to break through the top given the weakness of the sellers who are unable to regain control after weeks of decline.
- Bullish divergence on the MACD confirmed after the return of the Buy Momentum, it remains weak but to see the RSI.
- The RSI after 3 bullish divergences and multiple break outs by the top of the 50 level, we were rejected to return to the bottom of the 50 after bearish divergence.
We will see if this time will not be different provided we go above:
- From 50 of the RSI
- MM 50 in yellow.
- The trend line of the downtrend channel.
- With a large green engulfing candle above the key resistance level at 28.5K confluent with the cloud top.
https://www.tradingview.com/x/7GVTbXkz/
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