cryptoierco

Hidden bear divergence, ready for take off and test upper band?

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BITMEX:XBTUSD.P   Bitcoin
We're seeing a clear hidden bullish divergence on the 4h chart, lower lows on RSI, higher lows on price. If price holds 8900, which it looks like so far, it can play out as a triple rising bottom, waiting for it to break out of the channel on the upper side with volume. Volume has not been big in this drop back from upper 9k ranges. Consensus is coming.

Objectives:
- hold 8900
- short term break out of the falling wedge
- get enough bulls on the road
- smash the bears on the 10k with significant volume

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