BTC Bearish divergence on long term chart might be over…

BTC/USD COINBASE:BTCUSD

TurboNik

Long term 10d chart has a picture-book bearish divergence with false upside breakout and we’re witnessing the results.
It seems to fizzle out testing the -1ATR line, which is crucial to not be violated much in order for an uptrend to emerge. Prices are retesting longer term support here at the -1ATR line.

Short term daily chart retesting support and maybe recovering above -1ATR. A failure to close above -1ATR for a few days would be a sign of weakness, not enough demand.

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