BTCUSD about to form a perfect ascending channel
While BTC was currently forming a raising wedge (dangerous as oftenly a bearish pattern), last night BTC broke its support line with a light bullish RSI divergence, as it did a month ago.
Now there is ahigh chance to see a lower low confirming this bullish divergence in 4H RSI.
Is that bottom holds, this will form a clear support line from previous low and perfectly parallel with resistance trend = forming a perfect ascending channel that BTC can then use to raise up to new heights.
Breaking out that channel from the top would be a sign that BTC will go parabolic for its final wave up before a new correction cycle ?
What are your thoughts ?
Now there is ahigh chance to see a lower low confirming this bullish divergence in 4H RSI.
Is that bottom holds, this will form a clear support line from previous low and perfectly parallel with resistance trend = forming a perfect ascending channel that BTC can then use to raise up to new heights.
Breaking out that channel from the top would be a sign that BTC will go parabolic for its final wave up before a new correction cycle ?
What are your thoughts ?
