Bullish Divergence

BTCUSD


1. We have bullish divergence with Bolinger Bands. We made a new low on the daily chart but we stayed inside the Bollinger Bands which sets up divergence for a bottom.

2. MACD is printing higher lows although we are making new lows on the daily chart.

Take profits if you are short and nimble into longs. BTCUSD

Long for a test of the top of the range at 6700. This isn't high probability yet, better to wait and buy below bull bars or wait for a good looking entry bar. Will update when that happens.