Bitcoin Early Reversal About to Start (BTC/USD)

2020년 12월 11일

Clear reaction at the 0.618 Fibonacci level on the 4-hour chart + a bullish divergence on the RSI against the price action (red lines + white arrows). This one is much stronger than the divergence we saw at the Nov 26-27 bottom that led to a 19%+ rise (yellow lines + white arrows).

Even though we're now inside the CME gap I think we will see a resurgence back to the key $18,800 S/R level in the short-term (top green bar).