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$BTC 1 Month Chart 🔎
Here is that same anomaly in the 1 month chart with in reference to the stochastic RSI.
Price floated sideways in comparison to rhe stochastic RSI.
Stochastic RSI is in oversold range attempting to curl back to the upside.
There is a class C bullish divergence. Being on the 1 month chart this is very significant. This means price action slopes upwards while the RSI is basically flat.
That signals that the bearish momentum is starting to fade.
Below the RSI is the MACD it's showing fading selling pressure. The indicator is still in the bullish zone of the histogram.
The probabilities are starting to flip bullish on the 1 month chart.
Hinting at a retest of $75K or maybe a double top at $126K.
Always keep an open mind.
Never marry one idea.
NFA, DYOR ⚠️
#Crypto #Trading #BTC