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BTC 4H Bullish Divergence/Falling Wedge

BTC 4H Bullish Divergence/Falling Wedge

BTC 4H Bullish Divergence/Falling Wedge

BTC 4H Bullish Divergence/Falling Wedge

Bitcoin / TetherUS BINANCE:BTCUSDT
LibriumTech


BTC 4H Bullish Divergence/Falling Wedge

Although the 3D chart looks very bearish , we have found support at our downwards sloping support on the 4H. This has created a bullish divergence with lower lows in price action and higher lows on the RSI as labeled in the chart (Black Arrows). We are also in what seems to be a falling wedge pattern (pink lines) which generally breaks out to the upside.

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