BTCUSDT, going long can be a good idea.
Bitcoin / TetherUS BINANCE:BTCUSDT
As we can see Bitcoin price managed to break the falling wedge pattern that is formed on H4, also it formed the double bottom pattern on HTF trendline -that it bounced sharply from it previously-. Also there is an imbalance above the current price that needs to be filled before the BTCUSDT head downwards if there is enough selling pressure.
We can notice that there is a divergence in the RSI indicator which indicates the possibility of a trend reversal.
I think these are enough reasons to go long from the demand area marked with the green box.
remember that this is just an idea, not a financial advice.
